Metabit Network to Burn 35 Million BMTC Tokens to Stabilize Market

Quick Summary:

Metabit Network, a public blockchain platform, has announced plans to burn 35 million BMTC tokens, representing 23.6% of its total circulating supply, in an effort to stabilize recent market fluctuations.

According to the platform’s official post on X, the token burn will occur within the next seven days.

These actions are likely to be seen as a positive signal by investors, as they demonstrate that Metabit Network is actively working to protect the value of BMTC and support the project’s long-term goals.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Metabit Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 12:23:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22424675

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions