Burn Event
Last updated
Last updated
In our continuous efforts to maintain a healthy and robust ecosystem for TSPT, we are excited to announce a significant TSPT burn event. We are also aiming to burn 50% of the taxed TSPT currently held in our tax wallet, further reducing the supply and potentially increasing the value of the remaining tokens. This strategic move is designed to engage the community and sustain the token's value without triggering a price dump.
Token burning is a common strategy used by blockchain projects to manage the circulating supply of their tokens, thereby helping to stabilize or increase the token's price. By reducing the total supply of TSPT, each remaining token becomes relatively more scarce and potentially more valuable.
This planned burn event is not just about boosting TSPT's price. It's also about showing our commitment to the long-term success of the Tyche Sports Bet platform and the TSPT token. We believe this burn event will help sustain our platform's growth and continue to build trust within our community.
So, stay tuned for more updates on this upcoming event and continue supporting TSPT as we move forward in making Tyche Sports Bet a leading platform in the blockchain-powered sports betting industry.