Burn Token

Saturday, August 10, 2024, there were only 210 ETH burned on the Ethereum network. This is the lowest amount in 2024. 

Lowest Record of Ethereum Burns This Year

<img src="https://static.bittime.com/cms-static/upload/Ethereum_Burns_Only_210_ETH_57765187af.webp" alt="Ethereum Burns" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Saturday, August 10 2024, only 210 ETH was recorded as being burned on the Ethereum network. This is the lowest number throughout 2024. Read this article to find out the full news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Ethereum Burning Mechanism</h2><img src="https://static.bittime.com/cms-static/upload/ETH_Burn_4209111d96.webp" alt="Burn Ethereum" width="692" height="496">Source: Theblock.coAfter the London hard fork in August 2021, the Ethereum network introduced a base fee burning mechanism as part of its transaction fee structure. This means that the Ethereum used to pay these fees is permanently taken out of circulation, reducing the total supply of ETH.&nbsp;This burn is expected to create deflationary pressure on the ETH supply as network activity increases. However, with gas fees dropping to their lowest levels in recent years, the amount of ETH burned daily has also dropped drastically.&nbsp;On August 5, 2024, as much as 5,000 ETH was burned when gas fees reached around 100 gwei. This decrease in activity results in an increase in the rate of inflation on the Ethereum network, where more ETH is being issued than is being burned.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/jumlah-alamat-wallet-ethereum-baru">Number of New Ethereum Wallet Addresses Is at Lowest Point This Year&nbsp;</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Impact of Reducing Gas Costs</h2>This reduction in gas costs did not just happen. There are several factors that contribute to these falling costs. One of them is the migration of users to Layer 2 solutions, which allows transactions to be carried out at lower costs.&nbsp;Layer 2 solutions such as Decision and Optimism have become increasingly popular because they offer higher transaction speeds with lower fees compared to direct transactions on Ethereum's Layer 1.In addition, the Dencun upgrade introduced in March 2024 also plays a role in lowering transaction costs. This enhancement introduces blob transactions that help reduce costs on the Layer 2 network, indirectly as well influence gas fees on Layer 1 Ethereum.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Ethereum Needs to Raise Gas Limits?</h2>With the rising rate of inflation and low ETH burning rate, some experts in the blockchain industry have raised concerns. Martin Köppelmann, founder of Gnosis, suggested that the gas limit be temporarily increased to offset existing staking rewards.&nbsp;According to him, the base fee is currently at a multi-year low of around 0.8 gwei, while to offset the staking rewards a fee of 23.9 gwei is required.&nbsp;Köppelmann argues that Ethereum needs to ramp back up activity at Layer 1, and while it may sound contradictory, increasing the gas limit could be part of the strategy to achieve that goal.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/support-level-ethereum">Ethereum Support Level is at $2,314 to $2,435</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Ethereum Burns Only 210 ETH.webp

Ethereum Burns Only 210 ETH, a Lowest Record This Year!

BNB has completed its 28th token burn, totaling $971 million BNB. Read this article to find out!

28th BNB Token Burn

<img src="https://static.bittime.com/cms-static/upload/BNB_Token_Burn_5a08db0da0.webp" alt="BNB Token Burn" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Binance revealed that has completed its 28th BNB token burn. This token burn was carried out by BNB Chain and announced by the BNB Foundation as part of their efforts to gradually reduce the total supply of BNB.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">28th BNB Token Burn</h2>BNB is the native token of the BNB Chain ecosystem, which is essential for supporting various transactions in Web3. In addition to serving as a transaction fee on the BNB Smart Chain (BSC), BNB also functions as a governance token that provides holders with the ability to participate in the on-chain decentralized governance of the BNB Chain.Since launching on mainnet on April 18, 2019, BNB has switched from the Ethereum Network to the BNB Chain. The "Build and Build" philosophy reflects its role in driving development in this ecosystem.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">BNB Auto-Burn</h2>The BNB Auto-Burn system is designed to gradually reduce the total supply of BNB until it reaches 100,000,000 BNB. The burn amount is adjusted based on the price of BNB and the number of blocks generated on BSC during the quarter, ensuring transparency and predictability.BNB's Auto-Burn system provides an independently and objectively auditable process. These numbers are reported quarterly, and this mechanism is independent from the centralized exchange Binance.&nbsp;Unlike the previous quarter's Auto-Burn, this time the burn will be carried out directly on BSC due to the ongoing BNB Chain Fusion. Here is some important information from the 28th BNB token burn.<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Auto-Burn (Total BNB burned): 1.643.698,8 BNB</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Estimated Value in USD on Burn: $971 million</li></ul><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">BNB Real-time Burn</h2>Apart from that, BNB also implements a real-time burn mechanism based on gas fees. BSC validators determine the cost ratio of the gas collected in each block, which is then burned at a fixed rate. Since introduction BEP95, approximately 234,000 BNB has been burned under this mechanism.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">BNB Pioneer Burn Program</h2>BNB's Pioneer Burn program helps users recover BNB lost and tokenized tokens due to honest mistakes, by covering these losses through BNB quarterly token burns.&nbsp;The program provides a way for users to reclaim their lost assets, which are then calculated and integrated into regular token burns.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. I'm done is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SUN)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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BNB Token Burn.webp

BNB Has Completed 28th Token Burn, $971 Million BNB in Total

Entangle announces 25% token burn and 2.5% NGL token lock-up. Read this article to find out the full news!

Burn and Lock NGL Token

<img src="https://static.bittime.com/cms-static/upload/Burn_and_Lock_NGL_Token_115d26c5c6.webp" alt="Burn and Lock NGL Token" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Entangle announced a reduction in $NGL token issuance and a burn of 25% of tokens allocated to the team. This is part of Entangle's strategy to strengthen the tokenomics of the $NGL token.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_beb1f19718.webp" alt="Lucky Draw Bittime.webp" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Burn dan Lock Token NGL</h2>This announcement comes after Entangle received a variety of feedback from the community. By burning 25% of a team's token allocation, Entangle permanently reduces the circulating supply by 3%.&nbsp;In addition, Entangle also locks 2.5% of the supply intended for liquidity for 1 year. This action not only affirms Entangle's commitment to transparency, but also shows dedication to creating a healthy and sustainable token ecosystem.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_ff752494f6.webp" alt="Staking Meme Coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Combustion 25% Token NGL&nbsp;</h2>Token burning is the process of a number of tokens being permanently removed from the circulating supply, thereby reducing the total number of tokens available on the market.&nbsp;By burning 25% of a team's token allocation, Entangle significantly reduces the available supply of $NGL tokens, potentially increasing the value of the token by lowering inflation.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Airdrop_Hamster_Kombat_Bittime_35b4153445.webp" alt="Airdrop Hamster Kombat Bittime.webp" width="1600" height="332"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Locking 2.5% Liquidity Supply</h2>In addition to burning tokens, Entangle also announced a token lock of 2.5% of the supply intended for liquidity for 1 year. This lock aims to ensure market stability and reduce the price volatility of the $NGL token.&nbsp;By reducing the number of tokens available for trading, Entangle hopes to create a more stable and attractive environment for long-term investors.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">New&nbsp;Tokenomics of $NGL Token</h2><meta charset="utf-8"><figure class="image"><img style="aspect-ratio:2910/1728;" src="https://static.bittime.com/cms-static/upload/Token_NGL_1f1689303c.webp" alt="Tokenomics NGL" width="2910" height="1728"></figure>Sumber: Twitter.com/Entanglefi&nbsp;With these steps, the $NGL token economic model now exhibits the long-term characteristics needed to support Entangle's infrastructure. The team's emission reduction and token burn not only addresses feedback from the community, but also strengthens $NGL's position as a reliable and sustainable token in the market.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_5d56928673.webp" alt="Cara Beli Crypto di Bittime.webp" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Burn and Lock NGL Token.webp

Entangle Announces Burn and Lock NGL Token

PancakeSwap burn of CAKE tokens reduces deflation to reduce the total supply and increase the value of CAKE tokens.

PancakeSwap Burn CAKE Tokens

<img src="https://static.bittime.com/cms-static/upload/Pancake_Swap_Burn_CAKE_Tokens_746728debf.webp" alt="PancakeSwap Burn CAKE Tokens.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;PancakeSwap has destroyed 8,820,499 CAKE tokens, which is equivalent to approximately 17 million US dollars. This token burn is part of a deflationary strategy to reduce the total supply and increase the value of the CAKE token.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_beb1f19718.webp" alt="Lucky Draw Bittime.webp" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">CAKE Token Burn Source&nbsp;</h2>This token burn comes from several different sources involved in the ecosystem PancakeSwap, such as transaction fees, perpetual contracts, prediction markets, lotteries, NFTs, and gaming. Following are the complete details of the CAKE token burn.<ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">AMM V2 Transaction Fees: PancakeSwap destroying 76,000 CAKE originating from transaction fees on Automated Market Maker (AMM) version 2, with a value of around 151 thousand US dollars. This represents a decrease of 14% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">AMM V3 Transaction Fees: A total of 115,000 CAKE was destroyed from AMM version 3 transaction fees, with a value of approximately 228 thousand US dollars. This represents an increase of 62% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Non-AMM Transaction Fees: PancakeSwap also destroyed 5,900 CAKE originating from non-AMM transaction fees such as perpetual contracts and position management, worth approximately 12 thousand US dollars. This source shows a significant increase of 2187% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Prediction Market: A total of 71,000 CAKE was destroyed from activity on the prediction market, with a value of approximately 141 thousand US dollars. This represents a decrease of 13% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Such: PancakeSwap destroyed 24,000 CAKES from such, with a value of approximately 48 thousand US dollars. This represents a decrease of 23% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">NFT: A total of 300 CAKE were destroyed from NFT activity, with a value of approximately 1 thousand US dollars. This represents a decrease of 29% compared to the previous week.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Game: PancakeSwap destroyed 2,000 CAKE from gaming activities, worth approximately 3 thousand US dollars. This represents an increase of 24% compared to the previous week.</li></ol><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Impact of CAKE Token Burn&nbsp;&nbsp;</h2>Burn tokenization is a commonly used strategy in the cryptocurrency ecosystem to reduce the total number of tokens in circulation. By reducing supply, demand for the remaining tokens is expected to increase, which in turn could increase the value of those tokens.Steps PancakeSwap to destroy more than 8.8 million CAKE this not only helps increase the value of the CAKE token, but also shows their commitment to providing more value to the community and investors.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_ff752494f6.webp" alt="Staking Meme Coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">DeFi Platform and Token Burn</h2>Steps PancakeSwap This CAKE token crash can also be compared to similar actions taken by other DeFi platforms.&nbsp;Many DeFi platforms use token crushing strategies as a way to manage inflation and increase the value of their tokens.&nbsp;For example, Binance, one of the world's largest crypto exchange platforms, routinely burns BNB tokens as part of their deflationary program.By destroying large amounts of tokens periodically, DeFi platforms can create artificial scarcity that can drive up token prices in the market.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Airdrop_Hamster_Kombat_Bittime_35b4153445.webp" alt="Airdrop Hamster Kombat Bittime.webp" width="1600" height="332"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_5d56928673.webp" alt="Cara Beli Crypto di Bittime.webp" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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PancakeSwap Burn CAKE Tokens.webp

PancakeSwap Burns 8.82 Million CAKE Tokens, Equivalent to $17 Million!

Flare Network will reduce the supply of tokens in circulation by burning 66 million FLR tokens. Read the following article to find out the full news!

Flare Network Burns FLR Tokens

<img src="https://static.bittime.com/cms-static/upload/Flare_Network_Burns_FLR_Tokens_fe4f749045.webp" alt="Flare Network Burns FLR Tokens" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Flare Network announced that it would reduce the supply of circulating tokens by burning 66 million FLR tokens worth approximately $1.4 million. Read the following article to find out the complete news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Flare Network Burn FLR Token&nbsp;</h2>Token destruction or what is often called token burn is a strategy commonly used in the crypto world to reduce the number of tokens circulating on the market.&nbsp;By reducing supply, the value of remaining tokens is expected to increase. Flare Network understands the importance of this step to maintain the stability and long-term value of the FLR token.The destruction of 66 million tokens also included transaction fees and unclaimed rewards. Thus, every activity on the Flare network contributes to a reduction in the circulating supply of tokens.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Token Burn Target: 2.1 Billion FLR by 2026</h2>Flare Network has set a target to destroy a total of 2.1 billion FLR tokens by 2026. This is a significant step considering the large number of tokens that will be removed from circulation.&nbsp;This gradual destruction of tokens also provides certainty for investors and FLR token holders that the token supply will continue to decrease over time.&nbsp;&nbsp;<img src="https://static.bittime.com/cms-static/upload/Flare_99b3914782.png" alt="burn token FLR" width="1920" height="1080">Source: Twitter.com/FlareNetworks&nbsp;<h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Influence of Token Burn on FLR prices</h2>The destruction of 66 million FLR tokens worth $1.4 million is expected to have a positive impact on the value of the FLR token. As supply decreases, inflationary pressure on tokens will decrease, allowing the value of remaining tokens to increase.&nbsp;Burn tokens This is an effective strategy to maintain token value in a market that often experiences volatility. This move also shows that Flare Network is not only focused on developing their technology and ecosystem, but also paying attention to the economic aspects and value of their tokens.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_airdrop_hamster_kombat_bittime_7ccd46df19.jpg" alt="Airdrop Hamster Kombat Bittime" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Flare Network Burns FLR Tokens.webp

  Flare Network Burns 66 Million FLR Tokens, Worth $1.4 Million!

WELL3 announced the burning of 1.05 billion WELL tokens as compensation for technical issues that occurred during the Token Generation Event (TGE). Read this article to find out more!

WELL3 will Burn 1.05 Billion WELL

<img src="https://static.bittime.com/cms-static/upload/WELL_3_will_Burn_1_05_Billion_WELL_c4a7346be3.png" alt="WELL3 will Burn 1.05 Billion WELL" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;WELL3 announced the burning of 1.05 billion WELL tokens as compensation for technical issues that occurred during the Token Generation Event (TGE). This decision was taken to ensure transparency and maintain the community trust that has been built over the years.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">WELL Token Burning&nbsp;</h2>Co-founder of WELL3, via his Twitter account, stated that the WELL3 team is very sorry for the delay in claims caused by technical problems during TGE $WELL.&nbsp;To address this error and demonstrate commitment to the community, the WELL3 team decided to burn 2.5% of the team's token allocation, which is equivalent to 1.05 billion WELL tokens. This step was taken to demonstrate how important community support is to the long-term success of WELL3.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Clarification Regarding Trading Volume</h2>In his statement, the WELL3 Co-founder also emphasized that the WELL3 team does not trade $WELL tokens before the community. Trading volume on centralized exchanges (CEX) before claims commence comes from third-party marketing and liquidity.&nbsp;The WELL3 team has been working hard for years, raising millions of dollars through multiple funding rounds and NFT sales. These funds remain intact in the company's coffers and are ready to be used for the next development phase after TGE.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_airdrop_hamster_kombat_bittime_7ccd46df19.jpg" alt="Airdrop Hamster Kombat Bittime" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Farming WELL Award3</h2>In addition to the token burn announcement, WELL3 also detailed farming reward plans that will be announced soon. This award will start with a bonus airdrop for users Bybit. Users are advised to stay tuned for the latest updates regarding details of these farming awards.The WELL3 team recognizes the importance of community feedback and is committed to continuously improving the product and maximizing the token's utility. Despite facing various challenges, the team remains steadfast in their commitment to delivering an exceptional product.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">WELL3 Prioritizes Community Trust</h2>The WELL3 core team has held numerous meetings with the community at various web3 events around the world, demonstrating transparency and commitment to the project. All team members involved are known to the community, strengthening the trust and relationships that have already existed.The decision to burn tokens is also based on the belief that maintaining momentum and trust is the key to long-term success. The WELL3 team wanted to avoid any negative impressions and show that they really appreciate the support of the community.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;price and other cryptos to find out today's crypto market trends in real-time on Bittime.

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