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blockchain driven decentralized savings for wealth creation ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.Binance proposed in its original whitepaper to spend 20% of its profits every quarter buying and removing BNB from circulation, until the volume was brought down to 100 million.

blockchain driven decentralized savings for wealth creation ✌️【365vc.net】✌️Small investment, big returns! Start at ₹500 and grow your wealth month by month.As of May 2022, the volume in circulation is around 168 million BNB, according to CoinGecko.The process of removing tokens from circulation or “burning” tends to support the price of a token, all else being equal.

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However, most BNB burning is done on a regular quarterly basis, with the amount calculated according to a formula based on the BNB price and the total number of blocks so far validated in the chain.

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