Token

Multichain

FLOKI

A burning statement came from the developers of Floki Inu, one of the most popular meme tokens. 
According to Coindesk, Floki developers stated that they plan to burn $11 million worth of tokens. 
With this burn, the FLOKI supply decreases by 190 billion, while the burn amount represents 2% of the token's circulating supply. 
Accordingly, FLOKI developers will submit a proposal to burn 2% of the token's circulating supply in order to increase the scarcity of the token and improve network security. 
Lead developer B stated to CoinDesk that the tokens for the proposed burn will originate from the supply stored on the Multichain bridge: 
<blockquote> 
 “We propose to burn 190,918,585,431.84 FLOKI tokens. 
 This corresponds to approximately 2% of the current circulating supply of the token, which is currently worth over $11 million. 
 Last year we noticed a few red flags regarding Multichain and immediately started withdrawing the bridge tokens we had with them to Floki multisig. 
 We believe the only reliable way to ensure they NEVER enter circulation is to incinerate them.” 
</blockquote> 
After the news, FLOKI price increased by up to 13%. 
<img decoding="async" class="alignnone size-full wp-image-136092" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/02/FLOKIUSDT_2024-02-29_13-08-19.png" alt="" width="1192" height="1083"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/popular-mem-token-listed-on-binance-announced-burning-plan-here-is-the-amount-to-burn/">Popular Mem Token Listed on Binance Announced Burning Plan! Here is the Amount to Burn!</a>

Popular Mem Token Listed on Binance Announced Burning Plan! Here is the Amount to Burn!

Bitcoin Sistemi EN

2024년 2월 29일에 게재된 다른 기사

HSBC Financial Management expects new assets to continue to be strong

Floki DAO outlines proposal to burn 190 billion tokens

Solana-based DePIN protocol io.net reveals rewards program ahead of April token rollout

Insights on Uniswap’s Upcoming V4 Upgrade & the Explosive Potential of this New AI Altcoin

ETH Targets $4K as Investors Stash $2.1B for the Long Haul

Grayscale CEO advocates for spot Bitcoin ETF options

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!