It’s that time of the year again — Yeap, it’s token burn time.
It’s the end of another quarter, the year’s third quarter. As we set the practice before, this is when we make our quarterly FUN Token burn. Our deflationary tokenomics comes into play to provide the best long-term value for all FUN Token holders.
As per our burn strategy, we’re removing from the total token supply the equivalent of 50% of our net profits from our in-house gaming operations.
The token burn occurred on Saturday, October 1, and saw the burn of 17,451,853 FUNTokens, which makes it our biggest token burn to date. As a matter of fact, quarter on quarter, this is 20.6% more tokens than the last burn from July 1, when we burned 14,468,541 tokens.
This illustrates the accelerating adoption of the FUNToken and its increasing utility, powered by the XFUN ecosystem.
The event is accessible publicly on the following hash:
With over 300,000 users and counting, FUNToken is the leading iGaming token globally. Based on the Ethereum and Polygon blockchains, it was created as a fast, transparent, and genuinely fair transactional solution for iGaming ecosystems and players.
Supported by a strong development team and helmed by CEO Adriaan Brink, FUNToken’s objective is simple: harnessing the power of blockchain tech to create trustless ecosystems that users can rely on and operators can implement seamlessly.