【ChainWen】The Sonic project team has carried out a large-scale token burn according to the established plan. Using a permissionless smart contract mechanism, the team successfully burned 16,027,929.41 S tokens. These tokens belong to the unclaimed portion of the first season airdrop distribution. The on-chain smart contract automatically executes the burn process, ensuring transparency and immutability of the entire operation. This move reflects the project’s cautious approach to token economics by adjusting the circulating supply through the burning of unclaimed airdrops.
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ApeWithNoFear
· 11h ago
16 million tokens are directly burned. This approach is acceptable; at least it didn't secretly dump the price.
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MetadataExplorer
· 11h ago
Burned over 16 million tokens? This will make holders happy. Reducing the supply eases inflation pressure.
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GasGuzzler
· 11h ago
Burn 16 million tokens? Sounds good, but the real question is whether this actually has a tangible effect on boosting the price.
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ForumMiningMaster
· 11h ago
Burn 16 million tokens? Oh, this move isn't bad; at least it won't go to waste.
Sonic has burned over 16 million unclaimed airdrop tokens, with the smart contract executing automatically.
【ChainWen】The Sonic project team has carried out a large-scale token burn according to the established plan. Using a permissionless smart contract mechanism, the team successfully burned 16,027,929.41 S tokens. These tokens belong to the unclaimed portion of the first season airdrop distribution. The on-chain smart contract automatically executes the burn process, ensuring transparency and immutability of the entire operation. This move reflects the project’s cautious approach to token economics by adjusting the circulating supply through the burning of unclaimed airdrops.