Bitpanda Token Burn Approximately €50 Million
A coin burn is a process of sending a certain amount of cryptocurrency to a public address that private keys are unobtainable. Sent coins in the future can’t be spent, thus coin burn leads to an overall decrease in the amount of cryptocurrency involved in circulation.
Cryptocurrency exchange and wallet Bitpanda conduct its 6th token burn activity to reduced its supply. They have burned more than €50 million in $BEST, strongest burn ever
Burn events are part of the overall BEST strategy and will take place every quarter until 50% of the total token supply is destroyed
ABOUT Bitpanda
BitPanda is a cryptocurrency exchange based out of Austria that primarily services the European economic area. The exchange was founded in 2014 and has since grown to be one of the most common cryptocurrency exchanges in Europe for the purchasing and selling of Bitcoin.
RESOURCES
