9th PIB token burning announcement

PIBBLE_AI content Hub
2 min readJul 16, 2024

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Hi, Pibblers!!

On July 15, 2024, PIBBLE team implemented the 9th burning of PIB token generated from PIB ecosystem in 2nd 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 9th 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 : 1,360,000
  • 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 : July 15 , 2024
  • Tx hash : 00x6f9ecca814935173cd2e9030ba5c66ecce8572a18f45356450392d25e17d1393
  • Link : https://www.klaytnfinder.io/tx/0x6f9ecca814935173cd2e9030ba5c66ecce8572a18f45356450392d25e17d1393

Thanks.

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· Youtube : https://www.youtube.com/@Pibbleio

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