A new large-scale operation to withdraw BGSC from circulation has recently taken place. The project team burned 13 billion BGSC tokens with a total value of $15.5 million. According to onchainschool.pro, this happened just an hour ago.
Periodic Deflation Mechanism
It seems the team is sticking to a steady schedule of such initiatives. The previous major token burn occurred two months ago and involved assets worth $6.4 million, which were transferred from Gate. This regular approach to reducing the token supply demonstrates a commitment to maintaining a deflationary mechanism in the long term.
This trend of systematically destroying a significant volume of BGSC tokens indicates the team’s intention to influence the project’s economy through supply management.
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BGSC is once again heading for destruction: 13 billion tokens have been removed from circulation
A new large-scale operation to withdraw BGSC from circulation has recently taken place. The project team burned 13 billion BGSC tokens with a total value of $15.5 million. According to onchainschool.pro, this happened just an hour ago.
Periodic Deflation Mechanism
It seems the team is sticking to a steady schedule of such initiatives. The previous major token burn occurred two months ago and involved assets worth $6.4 million, which were transferred from Gate. This regular approach to reducing the token supply demonstrates a commitment to maintaining a deflationary mechanism in the long term.
This trend of systematically destroying a significant volume of BGSC tokens indicates the team’s intention to influence the project’s economy through supply management.