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Bitpanda Ecosystem BEST: Coin Burn
A part of the BEST spent on trading premiums on Bitpanda is burned on a quarterly basis until 50% of the total BEST is destroyed. This means that the supply is constantly decreasing.
Event date: Until March 31, 2021 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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Dec 1 18:45 (UTC)
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