Serum SRM: Token Burn

Name: Token Burn
Start: 2021-09-14T00:00:00Z
End: 2021-09-15T00:00:00Z

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Event date: September 14, 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.

Serum
@projectserum

This week 131K $SRM were burned and 33k $SRM were dropped on Serum stakers. This is $1.7M at current prices. explorer.solana.com

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