What a good burn. Our six-month burn course has successfully concluded. 6 billion VELO tokens were burned.
29 Aug 2022, 01:35
What a good burn! 🔥Our six-month burn course has successfully concluded.🎉
🌟6 billion VELO tokens were burned!
Burning reserved tokens is beneficial in the long run, even if it does not affect price in the short-term.
Our goal is long-term sustainability. 👍🏼
Why?
1️⃣It allows us to use our resources to develop products.
2️⃣It can help stabilize the price.
3️⃣It reduces the future risk of large swings in token price due to smaller supply.
Curious as to why we decided to burn? Check out this article 🔥
And also check out the TxHashes of all six burns here:
#TheFutureisVelo #Velo #CeDeFi
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