Kaby Arena KABY: Token Burn

Name: Token Burn
Start: 2021-11-27T00:00:00Z
End: 2021-11-28T00:00:00Z

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Event date: November 27, 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.

Kaby Arena
@KabyArena

💥🔥 $KABY TOKEN BURN MONTHLY🔥💥 1/ 100% of $KABY from Star Upgrade fee and Market fee will be burnt monthly to reduce circulating supply, create scarcity so as to increase the value of KABY token. First burn happens today. TX: bscscan.com

Kaby Arena
@KabyArena

2/ This time we also burned the rest of KABY from the previous NFT Hero sales. It is because we intended to use $KABY revenue from those sales as PvE rewards; however, it switched to $KGT now. Total token to burn today: 7,467,404 KABY ( est. $353,200)

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