Just six weeks after torching more than 4% of the circulating supply of VERSE token, we're back with our second burn.
16 May 2023, 02:18
Just six weeks after torching more than 4% of the circulating supply of VERSE token, we’re back with our second burn🔥
This time we’ve removed 250 million VERSE, which is 2.4% of the circulating supply.
Details are as follows:
🔥 VERSE burned: 250 million
💹 Total supply before burn: 209,750,000,000
💹 Total supply after burn: 209,500,000,000
💰 USD value at time of burn: $183,920
📊 % of circulating supply burned: 2.4%
📊 % of total supply burned: 0.119%
⏰ Time of burn: May-12-2023 01:48:59 AM UTC
Transaction ID:
What is the VERSE buyback and burn mechanism and why does it matter?
It works by taking a portion of the earnings generated by Verse and Bitcoin.com, and using them to purchase VERSE tokens. These tokens are then taken out of circulation and destroyed (burned), reducing the overall supply of VERSE. Do you have enough VERSE?