Verasity (VRA), designed for content creators and advertisers, has completed one of the largest token burns in cryptocurrency history.
Metaverse altcoin Verasity has come up with one of the largest token burns the cryptocurrency market has ever seen. The team voted as a result of a community vote that ran from August 4 to September 29. October 2 day to 50% of the total supply corresponding to approximately $55 million worth 10 billion tokens lit. Burned tokens in strategic reserve wallets It was stated that it consists of held assets.
VRA price in parallel with the burning news from 20% rose too high. The project is only in the first half of 2023 More than 155 million VRA He managed to attract attention by burning it.
Verasity currently Total supply of 110 billion units exists, but this supply 90 billion out of circulation is being kept. The team remains 20 billion By burning 10 billion of the supply, there was a 50% decrease in supply. However, in the statement made by the team, the data reserved for data roaming 90 billion tokens It was brought to the agenda that it could be moved to a new blockchain:
We are seriously considering solutions that will enable us to allocate 90 billion PoV tokens to a new blockchain.
CEO of Verasity R.J. Mark In his statement about the developments, he highlighted the importance they attach to the community:
Our commercial offering provides further benefits to VRA through primary use as a payment option for VeraViews campaigns. Burning our strategic reserve tokens, which constitute approximately 50% of our maximum supply, in line with the decision of our community, proves that we are listening to our community and developing our crypto ecosystem. This is part of our growth strategy for 2024, where we expect great demand for our advertising solutions, and we are now laying the foundation for this growth.
According to CoinGecko data, with the news of burning 21.3% rising VRA, $0.004918 from level to $0.005969 reached. VRA during writing from $0.00573 finds buyers.