BNB Foundation burns 1,646,196.44 tokens in 37th quarterly burn
Key Facts
BNB Foundation announced the completion of its network's 37th quarterly burn in October 2026, removing 1,646,196.44 BNB tokens under its supply reduction program. The foundation estimated the tokens' value at about $1,197,344,519.40 around the time of execution, according to an announcement published by the network. Total remaining supply stood at 131,512,085 tokens when the announcement was prepared, with the Auto-Burn program continuing. The program aims to gradually reduce total supply to 100,000,000 tokens, according to the network's description of its mechanism. The foundation said Auto-Burn operates "independently of the Binance centralized exchange."
The number of tokens removed in the latest operation exceeded that of the previous burn, which the network announced on 15 July 2026. That operation removed 1,615,827.795 BNB tokens, according to the previous cycle's announcement. The network estimated their value at about $931,702,464 around the time of execution, below the estimated value of the latest operation. Total remaining supply in the July announcement stood at 133,166,127.91 tokens. The Auto-Burn amount is determined by the token's price and the number of blocks produced on BNB Smart Chain during the quarter, according to the network's explanation of the calculation.
On execution details, the network said it adjusted the burn formula's parameters to account for faster block production following the Lorentz and Maxwell upgrades. The adjustment relates to the change in block production speed following the upgrades, according to the latest burn announcement. It said the current operation was executed directly on BNB Smart Chain following the network merger. Future burns will also be executed directly on the same chain, according to the announcement. Alongside the quarterly program, a real-time burn mechanism is linked to network usage fees. This mechanism burns a fixed proportion of the gas fees collected by validators in each block, according to an explanation published by the network.
In a separate announcement, Binance unveiled "Binance AI Pro," a tool that converts users' natural-language instructions into a visual workflow they can review. The platform said creating the workflow requires no coding and allows users to try a strategy with virtual funds before committing real money. The tool supports spot trading and stablecoin-margined futures, depending on the user's country of residence and applicable regulations. However, the initial version does not support backtesting strategies against historical data, according to the official support page. Automated code testing is a different function from strategy backtesting, Binance clarified.
Binance requires user approval before trading begins using a strategy created by the tool. If the strategy is modified, the revised version requires fresh approval before it can run, according to the platform's announcement. Each live strategy operates within a sub-account separate from the user's main Binance account. The user funds that account through a manual transfer, while the tool cannot move funds itself. The platform allows up to 10 strategies in total, including paper trading, live trading and signal alerts. When usage credits run out, the strategy pauses, while existing positions and orders remain unchanged, according to the support page.
The tool's free plan provides 250,000 usage credits that renew monthly, according to Binance's announcement of the service terms. The paid plan costs about 19.99 USDC per month. This plan provides 10,000,000 monthly usage credits, according to subscription details published by the platform. The new product does not replace the previous beta version, as both products can be used together while the existing subscription continues. The tool began rolling out globally through Binance's website and app on 19 October 2026, with availability subject to regional restrictions.