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BNB Foundation completes the 35th quarterly burn, destroying 1.569 million BNB (1.569 million).
Mars Finance reports that the BNB Foundation has officially completed its 35th quarterly token burn. This time, a total of 1.57M $BNB were burned on the BNB Smart Chain (BSC), valued at approximately $1.02 billion. After the burn, the total circulating supply decreased to about 134.8 million tokens. The ultimate goal of BNB’s burn program is to reduce the total supply to 100 million tokens. The ongoing burning mechanism aims to support the long-term healthy development of the BNB Chain ecosystem.