Stader to Hold Token Burn on June 25th

Name: Token Burn
Start: 2024-06-25T00:00:00Z
End: 2024-06-26T00:00:00Z

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Stader has announced that a proposal to burn 20% of the total SD supply has been approved with over 99% quorum. The burning of $30 million SD is scheduled to take place on June 25.

Event date: June 25, 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.

Stader Labs
@staderlabs

30M $SD burning on june 25! 📆

With over 99% quorum, the proposal to burn 20% of the total $SD supply was passed with positive community feedback.

With this step, the first stage of $SD tokenomics revamp will be complete.

Stay tuned for more!

SD Price Changes After Event Publication

SD Events on the Chart

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1 day

4.62%

2 days

65.59%

Now (Added 1 year ago)

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