Verasity to Hold Token Burn

Name: Token Burn
Start: 2024-07-07T00:00:00Z
End: 2024-07-08T00:00:00Z

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Verasity has announced the completion of its 8th round of token burn for Q2. This has resulted in a significant reduction in the circulating supply of the cryptocurrency, with 70,866,504 VRA tokens, equivalent to approximately $225,000, being permanently removed from circulation.

Event date: July 7, 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.

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