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Catizen And Notcoin Announce Burn Of 10% Of Recent Earnings To Boost Token Value
21/05 20:14
According to Odaily, Catizen, after supporting NOT payments, achieved earnings of over 50 million NOT coins within three days. In response to this, Catizen and Notcoin jointly announced the destruction of 10% of these NOT earnings. This burn significantly reduced the circulating supply of NOT, aiming to enhance the value and market dynamics of the token. The move is seen as a strategic step to increase the token's value and stimulate market activity. The decision to burn a portion of the earnings is a common practice in the cryptocurrency world, often used to create scarcity and drive up the value of a particular token. In this case, the reduction of NOT's circulating supply could potentially lead to an increase in its market value.
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More news about notcoin burning
- Jun 19, 2024 12:50 pmNotcoin開発者、テレグラムゲームの今後を語るテレグラム上の人気ミニゲームNotcoinの開発を主導したサーシャ・プロトヴィノフ氏は、持続可能で効率的なサブシステムを構築することで、ゲームを進化させていきたいとの考えを明らかにした。 source: https://coinpost.jp/?p=539054
- Jun 16, 2024 4:35 pmNotcoin: Make sure to claim your airdrop before todayTelegram game project Notcoin posted on the X platform that the airdrop for players will end on June 16, and players must make sure to claim Notcoin before today. If users see the "OK" hand gesture emoji in the Notcoin app, it means that the token has been claimed, and it is fine if it is staked. At the same time, staked users can get their level for free next month, and new users will be able to get a higher level next week
- Jun 10, 2024 7:06 pmNotcoin: Total number of users has reached 40 millionTelegram ecosystem Play-to-Earn game Notcoin released data, and its total number of users has reached more than 40 million. Notcoin said that TON may become the largest blockchain, and it will be realized soon. Notcoin will introduce Web3 to the next 300 million people through community, education and games. This is not a promise, but a logical conclusion.
- May 30, 2024 6:33 pmNotcoin Announces Deadlines and Future PlansAccording to Foresight News, Notcoin has announced that users need to claim their NOT tokens by June 16. These tokens can be withdrawn from the Notcoin bot to the user's wallet. Users who have staked their tokens can also withdraw them. The special offer for staking has ended and the 'Levels' and 'Explore' features will soon be opened to new users. Unclaimed NOT tokens will be used for future development, while other tokens will be destroyed.
- Feb 02, 2024 2:58 pmBlock Meet is about to launch liquidity mining Burning InscriptionAccording to an official announcement, Block Meet announced the launch of liquidity mining Burning Inscription. It is understood that Block Meet is a composable Web3 aggregation social platform that integrates social graphs, tools and social applications.
- Dec 29, 2023 12:23 pmBounce Brand: The next auction type is "Burning Man"Bounce Brand posted on the X platform that the next auction type will be “Burning Man”.
- Dec 21, 2023 9:07 amRender Network Launches Burn Mint Equilibrium on SolanaAccording to Foresight News, decentralized 3D rendering solution provider Render Network has enabled Burn Mint Equilibrium (BME) emissions on Solana. Starting today, distributions will occur every seven days, with the first batch of RENDER SPL tokens set to be distributed on December 27. For the first year, Render Network has allocated 2.3 million tokens for node operators.
- Dec 07, 2023 4:05 amBurn Wallet on Tron Moves Stablecoins In and OutForget what you know about irreversible token burning. Stablecoin burn wallets don't destroy assets. source: https://dailycoin.com/burn-wallet-moves-stablecoins-out-on-tron/?utm_source=cryptopanic&utm_medium=rss
- Nov 01, 2023 3:43 pmDeepMind Foundation announces support for Burning’s “Digital Human Development Program”DeepMind Foundation, an incubation fund focusing on the field of AI deep learning, announced that it will support Burning’s “Digital Human Development Program.” DeepMind Foundation plans to provide support in many aspects such as technical guarantee and assistance, such as sharing its deep learning technology and algorithms to help Burning promote the development and innovation of digital human technology.
- Dec 15, 2022 4:38 pmHuobi burned a total of 266,000 HT in November, and the burning mechanism will be upgraded from monthly burning to quarterly burningHuobi announced that a total of 266,000 HTs (approximately 1.782 million USDT) were destroyed in November, an increase of 15.94% compared to October. The disk deflation rate is about 0.12%, and the total number of existing tokens is 203.98 million HT. In addition, the Huobi platform announced that it will upgrade the HT destruction mechanism from once a month to once a quarter. This mechanism will be officially implemented from the first quarter of 2023. Under the new destruction mechanism, the Huobi platform will announce the total number of HT destroyed in October, November and December 2022 on January 15, 2023. On April 15, 2023, the total number of HT destroyed in January, February, and March of 2023, that is, the first quarter of 2023, will be announced. After that, the amount destroyed in the previous quarter will be announced on the 15th of the first month of each quarter.
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