📢 Today we have big news: Wallem™ — the first app that is using PTERIA— burned 31257 PTERIA (Etherscan Txhash), decreasing the total supply.
Where do these 31257 PTERIA (157.000 $) tokens burned are coming from?
These tokens have been spent in the app by users, in particular:
- 27195 PTERIA have been spent to join Wallem events;
- 2562 PTERIA have been spent to buy skins that are not NFTs yet;
- 1500 PTERIA that would have gone to the owners of the unsold 5 PewDiePie NFT’s.
Pteria DAO decided to give Wallem 2.5M PTERIA tokens. When a user plays and spends these tokens in events, 100% of them are burned in order to decrease the total supply of PTERIA.
Once the 2.5 mln are over, Wallem will buy more $PTERIA on the market using Uniswap or Balancer, creating a continuous demand for tokens.
Two days ago, Pteria dao sold the first PewDiepie NFT for 57.5 ETH and used them to buy Pteria tokens on the market in order to burn them — A total of 7353 PTERIA was bought and burned (Etherscan Txhash).