blockchainreporter.net
In a significant development within the SIDUS HEROES ecosystem, over 2.4 billion $SIDUS tokens have been burned. This action represents 11.4% of the total $SIDUS supply, a move that aims to enhance the value of the remaining tokens and promote long-term sustainability within the community. SIDUS HEROES is a prominent name in Web3 gaming.
🔥 2.4B + $SIDUS tokens burned (11.4% of total $SIDUS supply). Burn HASH: https://t.co/S4DdpVkA2I
— SIDUS HEROES (@galaxy_sidus) November 30, 2024
⚠️ Reminder! Unclaimed $SIDUS or $SENATE from Seed, Private, Pre-Public, and Public sales?
Use the 3-month window to claim them. Otherwise, they will be burned as well.
Claim here:… pic.twitter.com/a6EnslT8Cy
SIDUS HEROES Announces Token Burn for Unclaimed $SIDUS and $SENATE
Buying back and subsequently destroying tokens is an intentional mechanism in the cryptocurrency market to lower the overall supply of tokens and the circulating supply of the tokens might become more valuable.
In addition, the SIDUS HEROES team has recalled for token holders of the Seed, Private, Pre-Public, or Public sales. Holders will be able to claim all unclaimed $SIDUS or $SENATE tokens within a three months window. At the end of this period, any remaining tokens will be burned and thus eliminate from circulation.
SIDUS HEROES Announces Token Burn to Boost Long-Term Value
Token burning demonstrates the teams’ concern for a sustainable and active economy for the users of SIDUS HEROES. The project believes that through limiting the token supply, the purpose of which will be to enhance the value of the business for current and potential investors in the long run.
The SIDUS HEROES team reminds all the participants to check their balance and collect tokens before the deadline, otherwise, they will be permanently deleted. While the countdown is on, the community is encouraged to get informed and act appropriately before the time runs out.