Cryptocurrency Analysis and News Portal
Sensorium Corporation, the company behind the highly-anticipated digital metaverse Sensorium Galaxy, has burned 4.2 billion SENSO tokens reducing the existing supply by 70%. To date, this is the largest token burning in the entire history of cryptocurrencies. In dollar value, this supply shedding is estimated at $10 billion. As of this
Read More
BitGo “unwrapped” over 11,600 WBTC last month. Source
Read More
Wrapped Bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool.BitGo clients like Three Arrows Capital and Alameda Research are exchanging an increasing amount of their
Read More
Trust Wallet moved its TWT tokens to Binance Smart Chain, a move it claims to provide more strength to TWT while simultaneously leveraging the Binance ecosystem.In a surprising move, the Trust Wallet project backed by Binance Smart Chain announced its new token burn on Saturday, October 3. The project announced
Read More
DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC).According to a statement, March 30, this is designed to drive DEX adoption after large centralized exchanges struggled to cope during the recent cryptocurrency sell-off.Governance
Read More
The leading cryptocurrency spot and derivatives exchange platform, OKEx has successfully concluded its 7th buy-back & burn scheme for the platform’s native OKB utility tokens. The latest round that started on December 1, 2019, till Feb 29, 2020, witnessed a buy-back of about 3,183,344.61 OKB tokens worth close to $17,500,000.Following
Read More
The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens. According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort
Read More