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Algebra to Hold Token Burn on February 27th

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Algebra has burned 602,581 ALGB tokens on February 27th.

Event date: February 27, 2024 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
🔥 That's not all for today: the Weekly BBQ is here! 💘

👛 This time around, we've repurchased a total of 602,581 $ALGB tokens: https://polygonscan.com/tx/0x0e07bef8708ae661db4e8c3bc07fecb2fb8d1d9b5b434ee4da9d3b1079818bf5

❤️‍🔥 Combine that with a portion of tokens from our treasury fund, and you'll see that we've burned 1,205,162 ALGB to reduce our…
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