A coin burn is when a cryptocurrency project destroys some of its coins, often to reduce the circulating supply and increase the value of the remaining coins. The coins are sent to a dead crypto wallet with an unknown private key, which means that these coins can never be spent again. Why BnB is good for long term investment ? The second method is the scheduled quarterly burns conducted by Binance. In these burns, a specific amount of BNB is bought back from the open market and destroyed. The first burn was conducted in October 2017 and burned 986,000 BNB. The quarterly burns are conducted using Binance�s profits and are announced well in advance. The specific amount of BNB to be burned is based on several factors including overall profitability, BNB circulating supply and the number of blocks produced per quarter. As of the most recent burn in April 2022, a total of 1,839,786.261 BNB have been burned: #bnb #coinburn #longterminvestment Related Videos Illuvium (ILV) Safe Investment with 5000% Returns | Play to Earn Game | NFT marketplace | In Hindi https://www.youtube.com/watch?v=P9tdQMRsWTg&t=24sMore Info