With the recent announcement of the quarterly burn of BNB tokens, you must be asking yourself, what does that mean? Well, there are many like you trying to find that out.
Burning cryptos are an essential part of keeping the network active. That's no different for Binance Coin. Previously, they used to burn coins quarterly. However, last year, BNB introduced the BEP-95 method. They've followed it up with BNB Auto-Burn this year, to make the burning more effective and transparent.
Both of them are pretty big stuff, so let's unpack them together here.
Understanding BNB
When it comes to cryptocurrency exchanges, there's nothing bigger than Binance exchange. Binance Coin or BNB comes into the picture as a crypto, which you can use on this exchange for trading and paying fees.