MATR1X Destroys 200 Million $MAX Token, 20% of Total Supply

Bittime - MATR1X has destroyed 200 million $MAX tokens, which is equivalent to 20% of the total supply. Read this article to find out the full news!

MATR1X and $MAX Tokens

MATR1X is a project in the crypto ecosystem that has a utility token called $MAX. These tokens are used for various purposes within the MATR1X platform, including as a means of payment, incentives, and participation in platform governance. 

The $MAX token plays a crucial role in this ecosystem, and managing the token supply is an important aspect of its growth strategy.

Destruction of 200 Million $MAX Tokens 

The $MAX token destruction process involves burning tokens from various sources. Following are the details of the $MAX token destruction carried out by MATR1X.

1. 50,000,000 $MAX tokens from the developer team and investors initial, to reduce centralized supply and increase market confidence in the token.
2. 80,000,000 $MAX tokens from the community, demonstrating MATR1X's commitment to reducing the number of tokens in circulation and supporting a more decentralized community ecosystem.
3. 70,000,000 $MAX tokens from the platform, reflects adjustments in token supply management strategies and platform ecosystem optimization.

$MAX Token Trading on Exchange

After the token destruction, $MAX tokens will start trading on several crypto exchanges on August 5.

This aims to increase token liquidity and provide wider access to investors and users on various platforms. The presence of $MAX on major exchanges could help increase the adoption and distribution of the token globally.

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