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WebApr 4, 2024 · With a strict maximum supply of 200 million BNB tokens, Binance uses one-fifth of its profits to permanently destroy, or "burn," Binance coins held in its treasury as a way of maintaining scarcity and eventually reduce the supply of BNB from 200 million to 100 million. These burn events have historically affected the price of BNB. Web1 day ago · 3BG Supply Co. (3BG), a leading technology-enabled distributor of industrial supplies, has announced the completion of its acquisition of Controls and Electric Motor Company (CEMCO). CEMCO, based in Joplin, Missouri, is a well-established provider of electric motor and pump repair and maintenance services, distributor of electric motors, … WebJan 17, 2024 · Binance has promised to burn 100,000,000 BNB - or 50% of the total supply. It now expects to take 5-8 years, rather than 27 years, according to CZ. "Initially, the speed of the burn was associated with trading volumes on Binance," said CZ after the 14th BNB Burn. "This turns out to be somewhat “slow”, or at least slower than we originally ... honeymoon destination in india during april