Binance Burns Over $480 Million Worth of BNB in 24th Quarterly Burn
BNB’s price failed to react to the exchange’s latest token burn.
![image cryptopotato](https://image.coinlive.com/24x24/cryptotwits-static/35e5d01929d8b47a7dcb0453bdd88ac3.png)
BNB’s price failed to react to the exchange’s latest token burn.
View important news in the currency circle in the past 24 hours.
The LUNC community has voted to reduce the tax burn rate from 1.2% to 0.2%.
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Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned.
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Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term.