What is the total supply of Binance Coin?
The total supply of Binance Coin (BNB) is currently capped at a maximum of 200 million tokens.
Of this total, 100 million tokens were issued during the Initial Coin Offering (ICO) in 2017. The remaining 100 million tokens are held by Binance and are used to fund the development of the platform, reward users for their loyalty, and incentivize users to use the platform. In addition to the 200 million tokens that are currently in circulation, Binance has also announced plans to burn up to 50% of all BNB tokens in circulation over time.
This process is known as “coin burning” and it helps reduce the total supply of BNB tokens and increase their value over time. As of April 2021, Binance has burned a total of 40 million BNB tokens since its launch in 2017.
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