Token Burn
Overview
The METO Token Burn is a crucial process designed to enhance the value of $METO tokens by reducing their supply. This process is being executed in five distinct stages, each witnessing the burn of 100 million $METO tokens, 10% of the maximum supply of $METO tokens.
Stages of Burn
The first stage of the burn was completed on the 10th of June, where we burned 100 million $METO tokens. We are set to burn another 100 million $METO tokens on the 10th of each subsequent month, marking the next four stages of the burn process.
By the end of the fifth stage, we aim to have a total of 500 million $METO tokens removed from circulation. Each burn is publicly recorded on the blockchain for transparency and can be verified through our shared burning details link.
Stay tuned for updates on our ongoing burn stages.
| Stage | $METO burned | Date | Transaction |
|---|---|---|---|
1 | 100,000,000 | Jun-11-2023 09:33:20 PM +UTC | |
2 | 100,000,000 | - | - |
3 | 100,000,000 | - | - |
4 | 100,000,000 | - | - |
5 | 100,000,000 | - | - |
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