$BIT Burn Updates

BitDAO
BitDAO
Published in
2 min readNov 29, 2022

Following BIP-14¹, a total of 780,683,205 $BIT has been burned by sending to the most commonly used burn address². Monthly burns will be posted below as they happen.

March 2023

121,404,292 $BIT with a value of around $66,705,831 was burned on March 20, 2023 at 08:13:11 AM +UTC

Transaction:
https://etherscan.io/tx/0xeb53003a2c27114200b3bc46553fccc0451369d537be201268dbf579cb45c7ac

February 2023

153,533,169 $BIT with a value of around $92,961,570 was burned on February 20, 2023 at 04:52:23 AM +UTC

Transaction:
https://etherscan.io/tx/0x04cddfbb444e6f498fe23834e98c5130669c004c1b928cbb0ed13fb87554da2a

January 2023

115,985,174 $BIT with a value of around $57,716,194 was burned on January 20, 2023 at 08:02:11 AM +UTC

Transaction:
https://etherscan.io/tx/0x3b46306df1d3dcf6bc7aedaac7f9fd9332b10375e112a10e461c75c0d9c37a3c

December 2022

194,937,978 $BIT with a value of around $56,709,017 was burned on December 20, 2022 at 11:17:23 AM +UTC

Transaction:
https://etherscan.io/tx/0x659163714d26cdea285d3f1f33623c198088a293d6ad09fb5ec16d8f69c110b9

November 2022

131,001,981.7 $BIT with a value of around $37,846,342 was burned on November 19, 2022 at 02:19:23 AM +UTC

Transaction: https://etherscan.io/tx/0x09cded8137bb3a7c9aa94a689a1fbf71594eee2cf209f9ccd1a29ea3bb6e0af0

October 2022

62,820,610.2 $BIT with a value of around $26,933,310 was burned on October 20, 2022 06:10:23 AM +UTC

Transaction: https://etherscan.io/tx/0x5d3cb1cea37f48403119be9b873f2a560d18aa551e0c324629969270e631f1b4

1,000,000 $BIT with a value of around $428,734 was burned on October 20, 2022 at 04:48:35 AM +UTC

Transaction:
https://etherscan.io/tx/0x20d6c07a569b9ca301c6209930ebfdf338127927fe938453baeb8fbbd599ad70

¹ Following BIP-14 the Contributed Asset Mix was changed to 100% BIT and a burn mechanism was introduced.

² As the $BIT token does not have native burn functionality, we cannot send to the “zero address”. We will instead use the most commonly used alternative burn address: 0x000000000000000000000000000000000000dEAd

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BitDAO
BitDAO
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