The platform's Token destroyed over 1.5 million coins in the first quarter, continuously deepening long-term value

According to reports, a certain platform's Token completed an on-chain burn operation in the first quarter of 2025, with a total of 1,542,910.7518074 Tokens destroyed, worth over 33.84 million US dollars.

As a utility Token and fuel fee payment medium for a certain blockchain network, this Token supports the underlying transaction system of the network. Since the launch of the blockchain mainnet in 2019, the platform has been implementing a continuous Token burn mechanism. Currently, the total supply of Tokens has significantly decreased by approximately 59.54% from the initial 300 million. Despite experiencing multiple rounds of market fluctuations, the platform remains committed to steadily executing the burn strategy, demonstrating a long-term commitment to the Token deflation mechanism while laying a solid foundation for its value support.

The key data for this burn is as follows:

• Burned amount: 1,542,910.7518074 coins
• Burn value: approximately $33,845,200
• Total amount of tokens burned: 178,632,323
• Total value of cumulative burn: approximately $3.92 billion (calculated at current price)

Looking ahead, the blockchain network will continue to upgrade its core functions, including DA, to ensure the efficiency and security of the network. At the same time, the platform plans to expand the Web3 ecosystem, including wallets, trading, wealth management, NFTs, and Memes, to enhance user experience. With more applications and public chains being integrated, this Token will play a greater role in the ecosystem. In addition, Token holders will also enjoy exclusive benefits such as new coin airdrops, new coin mining, and Token mining.

The platform stated that it will continue to firmly implement the Token burn plan, steadily advancing the deflation process under the premise of legality and compliance, while continuously enhancing the scarcity and long-term value of the Token. At the same time, the platform is also committed to promoting the crypto industry towards a more regulated, secure, and efficient direction, providing global users with richer blockchain services, and jointly building a prosperous Web3 ecosystem.