5th PIB Token Incineration Announcement

2 min readJul 18, 2023

Hi, Pibblers!!

On July 14, 2023, PIBBLE team implemented the 5th burning of PIB token generated from PIB ecosystem in first quarter of 2023.

This is the amount of tokens recovered through the DeFi NFT service “BomulPlanet” launched in March 2022.

Pibble team will commit token burning after the end of each quarter.

The purpose of the token burn event is to reduce the total amount of tokens in circulation to increase value for PIB token holders.

The quantity of burned PIB tokens is permanently removed from circulation, reducing the total amount of tokens while increasing the value of the remaining tokens.

PIBBLE team is constantly striving to increase the value of PIB token holders by conducting token burn events.

This is the 5th token burning event, and we are planning additional burns in the future through the steady recovery of PIB tokens through PIB token economics.

Thanks.

[PIB token buring detail infos]

Number of PIB tokens burned : 4,600,000

BomulPlanet gas fee wallet add : 0x3cc13b45fD76199eAD07a5b425322fE5E0BbbC55

Burn address : 0x9bc02cb9Ba27C801c4D4446a082C8eFdaD65fBa7

Process : Accumulated PIB burn amount on BomulPlanet has been transferred from the burn address to the foundation’s burn address and incinerated.

Tx hash : 0x2caabc03ca2ce470deb520ead7b48cd6bc68b8eddcc7130d01505e87dc6ca146

Link : https://www.klaytnfinder.io/tx/0x2caabc03ca2ce470deb520ead7b48cd6bc68b8eddcc7130d01505e87dc6ca146

PIBBLE (PIB) Official Community

· Official website for PIBBLE : pibbleapp.io

· Telegram Official announcement : https://t.me/pibble_official

· Telegram Official : https://t.me/pibble_official_community