• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
OORT Foundation Burns 15 Million Tokens to Enhance Ecosystem Growth

OORT Foundation Burns 15 Million Tokens to Enhance Ecosystem Growth

user avatar

by Elias Mukuru

9 months ago

Made with AI

In a significant move to bolster its ecosystem, the OORT Foundation has announced the permanent removal of 15 million OORT tokens from circulation. According to the official information, this strategic burn, executed on November 18th, is part of the foundation's commitment to enhancing long-term value for its community members.

Token Burn Overview

The token burn was carried out through prominent exchanges Gate.io and Bitget, representing 0.08% of the total supply of 2 billion OORT tokens and 0.23% of the circulating supply.

Deflationary Measures and Their Impact

By implementing deflationary measures, the OORT Foundation aims to increase the token's scarcity, potentially driving up demand among existing holders.

Foundation's Commitment to Sustainable Growth

This initiative reflects the foundation's ongoing efforts to promote sustainable growth and strengthen the overall ecosystem.

In a related development, Trust Wallet Token (TWT) has been gaining traction within its ecosystem, with a market capitalization of approximately $534.75 million. For more details, see the full article here.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Emergence of New Luddite Movement Against AI Data Centers

chest

Tennessee state Rep Justin Pearson has emerged as a leading voice in the New Luddite movement, advocating for moratoriums on data centers and stricter oversight of AI technology.

user avatarArif Mukhtar

Nationwide Protests Against AI Data Centers Lead to Arrests

chest

At least 37 individuals have been arrested during protests against AI data centers across the United States this year.

user avatarMaria Gutierrez

Coinkite's Technical Analysis Reveals Coldcard Vulnerability

chest

Coinkite published a technical backgrounder explaining the vulnerability that led to the Bitcoin theft from Coldcard wallets.

user avatarDavid Robinson

Cardano ADA Sees Notable Price Surge.

chest

Cardano ADA has experienced a significant price rally, with a 62% increase in the last 24 hours, driven by community support and whale accumulation.

user avatarAndrew Smith

Bitmine Immersion Technologies Increases Its Ethereum Assets.

chest

Bitmine Immersion Technologies has purchased an additional 10,399 ETH, bringing its total to 5,797,813 ETH.

user avatarJacob Williams

Google's Stock Expected to Rise

chest

Google's parent company, Alphabet, is anticipated to deliver great returns as AI technology advances.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.