GamesPad Announces The Burn of 4.87M $GMPD Tokens
Good news for all GMPD token holders! To support token price stability and value, we burned 4.87M $GMPD tokens.
We wanted to update you that we have already burnt 4.87M GMPD tokens previously and will burn some more over the upcoming 2 weeks in order to support the token value through these times of volatility and reduce total supply. We will also be announcing more token use cases over the next few weeks. Hopefully, reducing the circulating supply and adding more token use cases will help increase the token demand and potentially price.
What is the token burn?
For those unfamiliar with this concept, a token burn is an intentional action exercised by the company to remove a specific number of tokens from circulation. It’s an act of sending cryptocurrency tokens to a wallet that has no access key. Without the private key, these tokens cannot be accessed by anyone and are lost forever. It essentially eliminates them from the available supply, therefore raising their scarcity and value.
Destroying tokens allows preventing their potential misuse when they are no longer needed. GamesPad decided to burn 4.87 $GMPD tokens. The proof of burn serves as a confirmation of the act of token burning.
About GamesPad
GamesPad is the world’s first holistic gaming, NFT and metaverse ecosystem, backed by the industry experts at BullPerks, a decentralized VC and multichain launchpad that achieved 9500% of ATH ROI after only 6 months. It is a one-stop shop for everything GameFi, metaverse and NFT, bringing together a gaming incubator, game-specific multichain launchpad, decentralized venture capital, NFT aggregator and marketplace, in-house game studio, and much more.
The team’s core mission is to support and incubate game entrepreneurs through its comprehensive ecosystem, offering them mentorship, advisory, and network connections in the gaming and crypto space. Developed by a highly knowledgeable team of experts, GamesPad will take a dynamic approach to its evolution, expanding and growing alongside the rapidly changing crypto industry, contributing to solidifying the foundation for a new wave of profitable crypto-gaming projects.
GamesPad Official Links:
✔️ Website: https://gamespad.io/
✔️ Twitter: https://twitter.com/gamespad_vc
✔️ YouTube: https://bit.ly/3kpQWEQ
✔️ Official Announcements: https://t.me/GamesPadAnnouncements
✔️ Telegram Official Chat: https://t.me/GamesPadChat
✔️ Instagram: https://www.instagram.com/gamespad.io/
✔️ Facebook: https://www.facebook.com/gamespad.vc
