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Up in smoke: Artist Damien Hirst to burn 4,851 paintings in NFT project
28.7.2022
Almost half of the buyers of Hirst’s “The Currency” collection wanted to keep the NFT version
Fantom to Fund Ecosystem Projects Using Portion of Burn Fees
27.7.2022
A governance vote saw an overwhelming number of community members decide on using a third of Fantom’s burn fees to fund new projects
What is BNB auto-burn and how does it work?
8.7.2022
Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned
SHIB’s Shibarium Public Beta Is Planned for Deployment in Q3
24.6.2022
The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...
Terra to burn 1B UST from the community pool as holders vote for it
27.5.2022
The proposal highlighted that the burn may help restore the UST dollar peg by burning the excess supply
Do Kwon shares LUNA burn address but warns 'LUNAtics' against using it
23.5.2022
Upon a persistent request from the Terra community, Kwon went against his initial plan and publicly shared a burn address for LUNA on May 21
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 Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants
17.5.2022
Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include...
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
Terra to burn $1.4B UST and stake 240M LUNA to ‘stop the bleeding’
12.5.2022
The Terra Money Twitter account shared the finer points on Do Kwon's initial rescue plan: expanding the base pool, burning UST and staking LUNA
Twitch Streamer Nearly Burns Down Kitchen
12.5.2022
Streamer Kjanecaron was doing a subathon earlier today for her 92,000 followers and decided to spend some of that time doing some cooking. It was a bad idea.Read more
LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead?
8.5.2022
Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline
Shiba Inu has a new use case — Buying land in SHIB: The Metaverse
5.5.2022
Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders
ApeCoin Drops, Ether Trades Flat After Record $200M Gas Burn
2.5.2022
Over 71,000 ether were burned on Sunday amid demand for a new NFT project. But that did little to affect ether prices as the broader market traded flat
ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%
2.5.2022
The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review....
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
2.5.2022
Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH or 56% of all burns during that period
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
29.4.2022
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces...
Shiba Inu Owners Flock to Burn Portal With 11B Tokens Removed
25.4.2022
SHIB valued about $251,000 have been burned in the first 24 hours of operation, data show
Getting Shibby with it: SHIB burning portal launches
25.4.2022
Shiba Inu devs launched a portal that will burn more SHIB tokens than ever before and reward burners for doing so