The BSC-based protocol has announced the token burning plan in order to ensure long-term development.
Long Term Growth a Prime Concern
The DeFi and NFT infrastructure protocol, BSCStation is making moves to ensure robust growth of the platform’s token and its economics.
BSCStation announced their token burning plan for BSCS, the native token of the ecosystem, on January 27 in order to ensure the long-term development of the platform. The tokens to be burned will include private, seed allocation, and other similar parts to eliminate any venture capital (VC) selling pressure on the token’s price and dynamics in the future.
The burning plan for BSCS goes as shown below:
Additionally, the protocol announced on January 28 that the 8th burning event impacted 1,129,150 BSCS tokens leaving the total supply of BSCS at 477.164 million tokens. The monthly burn events for the token will continue till the total supply of BSCS tokens reaches 100 million. The burn event will take place on the 28th of each month.
What is BSCStation?
BSCStation aims to build an economic infrastructure for DeFi and NFTs built on the Binance Smart Chain (BSC). The protocol offers a convenient and easy to use experience with a user-friendly interface design and specific instructions. The platform consists of an IGO & INO Launchpad, NFT market, Yield farming, AMM, GameFi & Metaverse Incubation Hub.
Find more about BSCStation here:
Website | Twitter | Documentation | Github | Telegram | Medium |
Source : bsc.news
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