Completed $BNF Token Burn 2
Why are we burning tokens?
Token burns reduce the overall supply of tokens and add to the scarcity of the $BNF token. It also helps sustain a healthy and positive development of the project, which balances the value of each token and its use within the platform. Finally, it aligns our team’s efforts with the long-term development of the BonFi platform.
How many tokens will be burned?
We have burned a total of 18.75 million BNF tokens from the team reserve:
Burn Transaction ID 1: https://etherscan.io/tx/0x838e1b3be8fe31c1a3bca839d94abe675490b7520240feaef6519bbaa22c2ad9
Burn Transaction ID 2: https://etherscan.io/tx/0x1a8d86c9d924e90c1201e03bc6bdf96f4e4f96ae8b7cfe168455eb1cd752e3c0
The new total supply of $BNF Tokens is: 962,499,999 BNF
BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.