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🔥 First Special Address Burn

June 3rd marked the first buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 5 810 000 BIP has been bought back and burned via transfer to the 0th address:

https://explorer.minter.network/transactions/Mt248a54e511bd3af324ad1c31deebe501ed2909a778ea4dd2e550c4df20b73fb3

The mechanism works like a charm—each swap made in pools buys back and burns BIP, decreasing its supply and increasing its price.

The more swaps in Minter, the scarcer the BIP!

Minter Network
🔥 First Special Address Burn

June 3rd marked the first buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 5 810 000 BIP has been bought back and burned via transfer to the 0th address:

https://explorer.minter.network/transactions/Mt248a54e511bd3af324ad1c31deebe501ed2909a778ea4dd2e550c4df20b73fb3

The mechanism works like a charm—each swap made in pools buys back and burns BIP, decreasing its supply and increasing its price.

The more swaps in Minter, the scarcer the BIP!
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Telegram Gives Up On Crypto Blockchain Project

Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durov’s cryptocurrency idea lost steam because of a U.S. court. “The technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,” he wrote on his channel. “Unfortunately, a U.S. court stopped TON from happening.”

🔥 First Special Address Burn

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