KEY TAKEAWAYS

  • BNB Auto-Burn Executes 23rd Quarterly Token Burn Successfully. 
  • BNB Greenfield Testnet “Congo” is Live. 
  • Join the BNB Greenfield Content Challenge and Help Shape the Future of Decentralized Storage
  • BNB Chain’s Groundbreaking Initiative to Empower Student Developers
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ECOSYSTEM UPDATES

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BNB Auto-Burn Executes 23rd Quarterly Token Burn Successfully

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BNB Chain, the cryptocurrency ecosystem that supports the BNB Beacon Chain, BNB Smart Chain, and the new BNB Greenfield blockchain, has recently completed its 23rd and second quarterly BNB burn of 2023. This burn, which includes the Auto-Burn as well as the Pioneer Burn Program, is an essential part of BNB’s commitment to reducing the supply of BNB coins in circulation.

The latest burn saw a total of 2,020,132.25 BNB burned through the Auto-Burn, which has an estimated value of approximately $676,744,304 in USD. Additionally, 656.0230123 BNB were burned from the Pioneer Burn Program, bringing the Real Burn to 2,019,476.2269877 BNB.

BNB was launched in 2017 with a commitment to remove 100 million BNB (half of its total supply) from circulation through a burning process, leaving only 100 million BNB in circulation. This commitment is automatically honored each quarter and calculated according to the Auto-Burn formula. The BNB Auto-Burn provides an independently auditable and objective process that is independent of the Binance centralized exchange.

For more details, visit here

BNB Greenfield Testnet “Congo” is Live

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In the latest development, the BNB Greenfield Testnet “Congo” has been launched, and the community is actively seeking participation from testnet Validators, Storage Providers (SPs), and dApp Builders. 

This decentralized storage tech stack aims to revolutionize data ownership in Web3, and the v0.1.0 release provides a sturdy foundation for developers and the community to enhance and expand upon in future Testnet iterations.

For more details, visit here

Join the BNB Greenfield Content Challenge and Help Shape the Future of Decentralized Storage

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BNB Chain is excited to announce the BNB Greenfield Content Contest, which is one of the ecosystem bounties on BNB Greenfield. This initiative invites developers and technology enthusiasts to discuss various challenges and solutions in the decentralized storage space, as well as the requirements for the ultimate storage infrastructure that will serve the next billion users in Web3.

The BNB Greenfield Content Challenge is open to everyone and will take place entirely online from April 14th to June 19th, 2023. The aim of the challenge is to inspire and reward technical writers, developers, and data storage enthusiasts who continuously strive to make the world a better place with their contributions.

For more details, visit here

BNB Chain’s Groundbreaking Initiative to Empower Student Developers

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The BNB Chain has recently launched a University Initiative to empower student developers by providing them with access to blockchain education. As part of this initiative, the BNB Chain ecosystem engineers will visit local universities and conduct lectures and workshops through the University Roadshow. These technical talks will be customized to cater to the requirements of the student developer communities. 

The primary objective of the University Roadshow is to familiarize the students with the BNB Chain ecosystem, train them as Student Ambassadors to promote blockchain education and establish lasting partnerships between academia and BNB Chain.

For more details, visit here

Additional Notable Events

DeFi

GameFi, NFT, Meme

Read more: Polygon Weekly Recap Week 51 (15/12 – 21/12)

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