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BGB Token Supply Reduction and Future Burn Plans | Flash News Detail | Blockchain.News
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12/27/2024 10:16:37 AM

BGB Token Supply Reduction and Future Burn Plans

BGB Token Supply Reduction and Future Burn Plans

According to Ai 姨, BGB has announced a major token burn mechanism. The initial burn will eliminate 800 million BGB tokens held by the core team, which constitutes 40% of the total supply. This will reduce the total supply to 1.2 billion BGB tokens, all of which will be fully circulating. Starting in 2025, BGB plans to conduct quarterly burns, using 20% of profits for buybacks and burns.

Source

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references