We are excited to announce that we have completed our biggest FUN Token burn ever!
As per our burn strategy, on a quarterly basis we are committed to burn 50% of the Net profits from our in-house gaming operations.
On March 31st at 10:06 AM (GMT), a total of 11,845,521 tokens were burned. It can be seen on the following transaction hash:
That’s a 106% increase (more than double!) vs our last burn 3 months ago. This reflects the strong and steady growth seen on DPlay, our first online Casino.
With the roll out of the XFUN eco-system, including the addition of XFUN token to DPlay and the launch of our second decentralized online casino brand: XFUN Casino, providing access to a premium gaming experience, we expect such growth to keep accelerating, and always more tokens to be burned every quarter.
This increased deflationary pressure on the token supply will be beneficiary for holders.
Exciting times indeed!