BEP-95 is a Binance Evolution Proposal that introduces a real-time burning mechanism to BNB Smart Chain (BSC). It’s been introduced to make BNB’s tokenomics even more dynamic and further decentralize the network.
To technically implement this, the network collects each block’s gas fees and splits between two smart contracts:
To conduct a burn, the ValidatorSet Contract has a burnRatio variable. Upon finalizing each block, a validator will sign a transaction transferring its gas fees to the smart contracts. The deposit function contains burning logic that triggers the simple formula: burnRatio * gasFee. This sum will then be transferred to the burn address. The burnRatio will initially be set at 10%.
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