Sky Protocol reportedly completes its first SKY token burn

Crypto.news reports that the protocol permanently removed 2.86 million SKY tokens from circulation, marking the start of a recurring burn strategy.

1 Source, 21d ago, first seen 21d ago

TLDR

Sky Protocol used 5% of its monthly net protocol surplus for its first token burn, Crypto.news reports. The burn permanently removed 2.86 million SKY tokens from circulation and began what the outlet describes as a recurring token-burn strategy.

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1 Source, first seen 21d ago

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