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Algebra to Hold Token Burn on December 19th
Algebra has conducted a buyback and burn event on December 19th, resulting in the removal of 272,708 ALGB tokens from the circulating supply.
Event date: December 19, 2023 UTC
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.
Algebra DEX Engine
@CryptoAlgebra
@CryptoAlgebra
We love $ALGB buybacks & burns! Applaud today's BBQ, totaling 272,708 ALGB tokens. 🤑
Thus, $8,182 at the current rate has been removed from the circulating supply, increasing our platform crypto's value. 🔥
Buyback: https://polygonscan.com/tx/0x8fb2482e936b70cd824275bded5d846bbdfc8c83920e0c96aaaea17c0537a50f
Burn: https://polygonscan.com/tx/0xd9bacb1a119a624c2c9968541e70b5c0e779fea2c512a25a323fdf021a97eefb
Thus, $8,182 at the current rate has been removed from the circulating supply, increasing our platform crypto's value. 🔥
Buyback: https://polygonscan.com/tx/0x8fb2482e936b70cd824275bded5d846bbdfc8c83920e0c96aaaea17c0537a50f
Burn: https://polygonscan.com/tx/0xd9bacb1a119a624c2c9968541e70b5c0e779fea2c512a25a323fdf021a97eefb
The event is about to begin
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Added by
Alika
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