BitTeam earned 11,910,000 BTT in Q1 2024, with the amount to be burned being 5,955,000 BTT. This burn rate has been increased from 20% to 50% due to modified tokenomics approved after a general vote following the last update that doubled the issuance. The actual amount burned was 5,964,828 BTT, slightly higher than the initial target due to automated bots purchasing tokens.

BTT is a service token utilized in the BIT.TEAM ecosystem, offering users access to various benefits and services like payment of trading commissions, exclusive PRO ACCOUNT advantages, BOOST announcements, UNIQUE USERNAME, and staking.

Stay updated on our news for more information on BitTeam's quarterly burn rate.

Source: bit.team/blog/en/bitteam_quartely_burn_rate_en
For more details, visit bit.team/blog