Extra Finance to Hold Token Burn in Q1

Name: Token Burn
Start: 2024-03-31T00:00:00Z
End: 2024-04-01T00:00:00Z

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Extra Finance will host the next token burn in the first quarter.

Event date: Until March 31, 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.

Extra Finance
@extrafi_io

11.8% of $EXTRA's circulating supply has been burned! 💥

Starting from q1 2024, we're implementing quarterly burns of $EXTRA to combat inflation, following ExtraFi Tokenomics V2 guidelines. In the previous quarter, 30% was burned, with the remaining 70% allocated to the treasury…

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