Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady.
Powered by WPeMatico
Category: Burning
Auto Added by WPeMatico
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
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 the circulating supply. Blockchain Projects Burn Tokens for […]Powered by WPeMatico
Shiba Inu Burn Rate Hits 26,000% in the Last Day, 1.4 Billion SHIB Destroyed in 24 Hours
On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed. Shiba Inu Burn Rate Increases Significantly On February 22, a SHIB team member named “Archangel” revealed that […]Powered by WPeMatico
Ethereum EIP-1559 upgrade launches on Polygon to burn MATIC
MATIC supply is likely to become deflationary once fee burning commences according to estimates by the Polygon team.
Powered by WPeMatico
Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have seemingly made the price of the asset rise to all-time high (ATH) levels. This rise has been also accompanied by new proposals to further cement […]Powered by WPeMatico
Ethereum sees first consecutive week of deflationary issuance
More than $65 million worth of ETH is currently being burnt daily by the Ethereum network.
Powered by WPeMatico
Antpool Begins Burning BCH Network Fees Increasing Digital Scarcity
On Friday, April 20th the mining operation Antpool explained that the public may have recently noticed a fraction of bitcoin cash being sent to an unspendable address every time Antpool mines a block. Antpool says that it is burning the funds sent to the “black hole address” voluntarily for the good of the BCH economy. […]
The post Antpool Begins Burning BCH Network Fees Increasing Digital Scarcity appeared first on Bitcoin News.
Powered by WPeMatico