Burn Plan V2
Last updated
Last updated
To ensure our ecosystem's sustainability and long-term growth, we have decided to implement a strategic token burn, reducing the total supply from 111,100,000,000 to 5.555.000,000 tokens. This initiative is expected to benefit our token holders and the broader ecosystem.
Token burning is the process of permanently removing a certain amount of a token by sending it to an irreversible address. Once crypto assets are removed from circulation, they cannot be retrieved. To prevent the reuse of these crypto assets and ensure they are completely removed from circulation, there are special crypto asset addresses called "eater addresses." These addresses, whose private keys are unknown, make it impossible to retrieve the crypto assets.
We had previously stated that we could reduce this figure to approximately 700,000,000 to keep the project sustainable.
The token burn process will enhance the value and scarcity of our tokens. This, in turn, will invigorate economic activities within the ecosystem and contribute to the overall health of our project. A stronger and more balanced ecosystem creates a more attractive and sustainable environment for all participants.
Through this token burn, we are reducing the supply and reaffirming our commitment to our project's long-term success and our community's prosperity. This strategic move aims to make our ecosystem more robust, reliable, and appealing, benefiting our valued token holders and all ecosystem participants.