Synthetix founder proposes limiting SNX issuance to 300 million
The founder of the DeFi platform Synthetix, Kain Warwick, has brought to the community a proposal to fix a cap on the SNX governance token at 300 million coins.The study of the economic systems and models of cryptocurrencies and tokens.
Synthetix founder proposes limiting SNX issuance to 300 million
The founder of the DeFi platform Synthetix, Kain Warwick, has brought to the community a proposal to fix a cap on the SNX governance token at 300 million coins.
PancakeSwap caps CAKE supply at 750 million tokens
The DeFi community behind PancakeSwap on the BNB Chain backed changes to the tokenomics, with a key feature of which will be a cap on the supply of the governance token CAKE at 750 million.
Shiba Inu developers launch token-burn mechanism
The team behind Shiba Inu has launched a portal where SHIB holders can burn their tokens. In return, investors will receive burntSHIB, which accrues rewards in variable-rate RYOSHI tokens.
Binance completes $740 million BNB burn
Binance completed its nineteenth quarterly burn of Binance Coin (BNB) using the Auto-Burn mechanism.
Since the activation of the London hard fork, Ethereum has burned over 2 million ETH
Since the activation of the London hard fork in August 2021, the Ethereum network has burned over 2 million ETH worth more than $7 million. The leader by the volume of burned tokens is the NFT marketplace OpenSea with 230 044 ETH.
Miners have mined 90% of Bitcoin’s total supply
At block height 714,000, the Bitcoin network reached a point where 2.1 million BTC, or 10% of the available supply, remains to be mined.
Since the activation of the London upgrade, Ethereum has burned 1 million ETH
In the 109 days since the activation of the London upgrade on the Ethereum network, the protocol burned more than 1 million ETH. Their value at the time of writing was $4.2 billion.
What is coin burning and how does it affect prices?
We explain why many projects periodically burn their native tokens.
DeFi project yEarn.Finance to issue YFI tokens worth $218 million
The yEarn.Finance community approved the proposal to increase YFI issuance by 6,666 tokens (~$218 million) with 83.46% of the vote.
Tether Mints a Record $2 Billion of USDT in One Week
The issuer of the largest stablecoin by market cap, Tether, increased the supply of USDT by $2 billion over the past seven days. The total number of coins in circulation reached 24.4 billion.We use cookies to improve the quality of our service.
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