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Fantom wants to cut token burn rate by 75% to fund dApp rewards program
1.12.2022
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje
FTX Has Made $34M in Trading Fees Since Recent FTT Token Burn Despite Withdrawal Freeze
10.11.2022
Cryptocurrency exchange FTX has made $34 million in trading fees since the last time it burned its native FTT token on Oct. 31
Terra Luna Classic Price Forecast – When is the Next Binance Token Burn?
13.10.2022
Terra Luna Classic is preparing for a bullish move to $0.00037, moments after holding firmly to support at $0.00025. Over the last few weeks, its performance continued to disappoint investors, as they counted losses from $0.00037. However, insight from a double-bottom that recently formed on...
Terra Luna Classic Price Prediction – When is the Next Binance Token Burn?
7.10.2022
The original Terra chain’s Luna Classic (LUNC) token is getting attention again, helped by news that the crypto exchange Binance has implemented a new burn mechanism for it. The question now is how high can LUNC go after the next burn....
Read More: Terra Luna Classic Price Prediction – When is...
The New Age of DeFi As Uniglo (GLO) Looks to Show Shiba Inu (SHIB) and Binance Coin (BNB) How to Create A Perfect Token Burn
2.9.2022
The DeFi industry is rising, with new projects and tokens being created daily. One of the latest tokens to enter the market is Uniglo which is looking to show Shiba Inu and Binance Coin how to create a perfect token burn. What Is a Token Burn? Token burns are a popular method for DeFi projects...
Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
18.5.2022
A new exchange listing, mainnet launch and competitive token burn mechanism led to a sharp rally in Socios fan tokens
Terra Proposes Token Burn and Increase in Pool Size to Stop UST Dilution
12.5.2022
Terra believes that decreasing the amount of UST in circulation, while increasing the amount of available LUNA, is the easiest way to return the UST to a peg
Shiba Inu’s New Burn Portal Rewards SHIB Burners for Destroying Their Tokens
24.4.2022
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called...
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
1.2.2022
Despite the large burn value, the network is still inflationary until its PoS transition scheduled for Q2 or Q3
Key data points suggest the crypto market’s short-term correction is over
29.11.2021
Bitcoin price is still pinned below $60,000, but the recovery in ETH and altcoins suggests that the current correction could be coming to an end
OVR Upgrades Its Token Economics
12.11.2021
OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token...
Binance burns $390M worth of BNB tokens
19.7.2021
Binance has destroyed $400 million worth of BNB in its 16th quarterly token burn event, but the markets don’t seem to care
Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens
17.5.2021
After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a...
The First Token Burn on BTC-Alpha As a New Start
21.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Recently a European exchange BTC-Alpha performed the first token burn in their history. According to their WP, their native ALP Coins were burnt based on the amount of them traded and received as payments for...
CoinEx Burns All 1.08 Billion Locked CET Allocated to the Team
23.2.2021
PRESS RELEASE. Hong Kong, February 23, 2021 – CoinEx, a global and professional cryptocurrency exchange service provider, announced on last Saturday that it has finished a historic burn of 1.08 billion locked CoinEx Token (CET) allocated to the CoinEx team for team building and market...
Pundi X (NPXS) gains 102% ahead of testnet launch and token burn
11.2.2021
PundiX (NPXS) gained 102% as the project prepares for a testnet launch, staking and possible DeFi integration
Binance Coin (BNB) hits a new all-time high one day before its token burn
19.1.2021
A growing DEX ecosystem, competitive futures platform and low fee incentives pushed Binance Coin to a new all-time high one day ahead of its scheduled token burn
Covesting Reveals Surprise COV Token Burn To Celebrate Utility Implementation Launch
12.12.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
To the joy of early adopters of the COV token, and to celebrate the launch of the token’s utility implementation within the Covesting copy trading module on PrimeXBT, the company surprised the community...
Ripple CTO says community could force the company to burn 48 billion XRP
4.12.2020
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed
Cryptocurrency Exchange Bitfinex Announces a LEO Token Burn Initiative
14.6.2019
Cryptocurrency exchange Bitfinex announces a burn initiative for the utility token LEO alongside new “Transparency Dashboard”