NFTb Token Burn Mechanics
Marketplace for NFTs and digital goods built on the Binance Smart Chain, where NFTs meet DeFi, NFTb announced its upcoming token burn event in preparation for the launching of its NFTb Earn program.
The NFTb Foundation will burn 100 000 NFTB tokens every 2 weeks starting on July 15 over the next 10 years. A total of 2 400 000 tokens will be burnt per year, which represents almost 2% of tokens owned by the NFTb Foundation to be burnt per year.
The decision will help minimize concerns about sell pressure arising from an increase in circulating supply. The team feels confident that in the launch of NFTb Earn and the further development of NFTb’s marketplace will create more demand and utility for the $NFTB token.
ABOUT NFTb
NFTb is an NFT Marketplace built for speed and affordability on BSC and expanding to multi-chain support with subsequent product updates. Users anywhere around the world can join the platform and create, sell and trade digital art at a fraction of the cost of other platforms.
