BTT quarterly burn rate.
BitTeam earned 11,910,000 BTT in Q1 2024. Amount to burn: 5,955,000 BTT
As a reminder, due to the modified tokenomics, which was passed by general vote after the last update about doubling the issuance, the burn percentage has been increased from 20% to 50%. The amount to be burned = 5,955,000 BTT. But, due to automated bots buying up tokens — the amount was 5,964,828 BTT [transaction link].
BTT is a service token used in the BIT.TEAM ecosystem. This token plays a key role in allowing users to access a number of benefits and services such as payment of trading commissions, unique PRO ACCOUNT benefits, BOOST announcements, UNIQUE USERNAME and staking (article link).
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Info taken from: bit.team/blog/en/bitteam_quartely_burn_rate_en
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