AxonDAO Governance Token to Hold Token Burn on February 13th

Name: Token Burn
Start: 2025-02-13T00:00:00Z
End: 2025-02-14T00:00:00Z

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AxonDAO has scheduled a significant token burn for February 13th, during which 122 million AXGT tokens—representing 12.2% of the total supply—will be permanently removed from circulation.

Event date: February 13, 2025 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.

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