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Whales Market to Hold Token Burn on March 15th
Whales Market has announced the initiation of a monthly burn of up to 1% of the supply of unused incentive tokens. This action is in accordance with their initial tokenomics blueprint. The burn process has started on March 15th.
Event date: March 15, 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.
Whales Market 🐳
@whalesmarket
@whalesmarket
1/ Announcement: $WHALES burn 🔥
In line with our initial tokenomics blueprint, we are initiating a monthly burn of up to 1% of the supply of unused incentive tokens, starting today.
1,006,112 $WHALES (≈$2,464,974) has just now been burned.
https://explorer.solana.com/tx/4h6ZNLwaDTdJwjRaiYBx1pKZqcWupbbPsSp7HFJdkXQa62zKiKkz15kxiLLfZmMLeYe9UbBq7AqESW7Uy2G2tTSG
In line with our initial tokenomics blueprint, we are initiating a monthly burn of up to 1% of the supply of unused incentive tokens, starting today.
1,006,112 $WHALES (≈$2,464,974) has just now been burned.
https://explorer.solana.com/tx/4h6ZNLwaDTdJwjRaiYBx1pKZqcWupbbPsSp7HFJdkXQa62zKiKkz15kxiLLfZmMLeYe9UbBq7AqESW7Uy2G2tTSG
WHALES Price Changes After Event Publication
9.52%
1 day
8.23%
2 days
95.22%
Now (Added 11 months ago)
The event is about to begin
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Mar 15 16:22 (UTC)
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