8th PIB token incineration announcement

PIBBLE_AI content Hub
1 min readMay 10, 2024

Hi, Pibblers!!

On April 15, 2024, PIBBLE team implemented the 8th burning of PIB token generated from PIB ecosystem in first quarter of 2024.

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 8th token burning event, and we are planning additional burns in the future through the steady recovery of PIB tokens through PIB token economics.

[PIB token buring detail info’s]

  • Number of PIB tokens burned : 12,000,000
  • 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.
  • Date : April 15 , 2024
  • Tx hash : 0x752a14c6cdd5b5448a2066bccb3b98d13ec5dffb4bdd9eca346afe078f4a76b9
  • https://www.klaytnfinder.io/tx/0x752a14c6cdd5b5448a2066bccb3b98d13ec5dffb4bdd9eca346afe078f4a76b9

Thanks.

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