Here's how the next BNB burn will work.
Going forward, the quarterly burn will be replaced with BNB Auto-Burn to provide greater transparency and predictability to the BNB Community.
B is the amount of BNB to burn. N is the total number of blocks produced on BSC during the calendar quarter.① P is an average price of BNB against the US dollar.② K is a constant value as a price anchor, initially set at 1000.③ BNB Auto-Burn will be halted when the total circulation of BNB drops below 100 million.
① BSC’s typical block time is about 3 seconds, so the number of blocks produced in an hour would be approximately 1200 . Assuming there are three thirty-day months in a calendar quarter, N should be approximately 3600 ÷ 3 × 24 × 30 × 3=2,592,000, where 24 is the number of hours in a day, 30 the number of days in a month, and 3 the number of months in the quarter.
② P is the median value of a sampling on a widely accepted oracle price provider on BSC, and the sampling frequency is every 10,000 blocks, which is currently equivalent to approximately 8.3 hours.The chart below shows the expected quarterly BNB Auto-Burn amount for a range of BNB average prices. After implementation of BNB Auto-Burn, the projected burn amount based on the above formula will be publicly available.
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