We are delighted to announce that FUNToken has executed its 8th quarterly token burn in line with our commitment to a deflationary token model.
Token burns are a central element in the digital asset environment, particularly for deflationary tokens like FUNToken. By design, these tokens are subject to routine reductions in their total supply, increasing their scarcity and, potentially, their value over time.
With each token burn, we decrease the overall supply of $FUN tokens, maintaining an equilibrium between supply and demand while upholding price stability. Since our inaugural token burn in 2021, we have consistently maintained this deflationary procedure, and the results have been fundamentally promising.
The token burn event’s detailed data, including the exact number of tokens burned this quarter, is publicly available on Etherscan for utmost transparency. We pride ourselves on this openness and invite all our supporters to monitor our progress as we navigate the ever-evolving world of digital assets.
As we move into 2023, we reassure all FUNToken holders that we remain unwavering in supporting the token’s stability and growth. Expanding our ecosystem is a top priority, and we aim to bring more utility to $FUN, making it more accessible and advantageous for our ever-growing user base.
We appreciate your unwavering support and confidence in FUNToken. Your support fuels our commitment to drive the platform forward and continue implementing our token burn policy, a significant aspect of our overall strategy.
Stay tuned for more updates and developments. Your continued support and feedback are invaluable to us, and we look forward to navigating the future of decentralized gaming together.
About FUN Token
FUN Token’s objective is simple – harnessing the power of blockchain tech to create “trustless” gaming ecosystems that users can rely on and operators can implement seamlessly.
FUN Token is backed by the best in the business – FreeBitco.in is committed to fueling FUN Token’s efforts of making non-custodial gaming an industry standard.