AHA Token Burns 10% of Operating Profit, Completes 2nd Regular Burn

IconCryptoNewsTerminal Staff01 Aug, 2024

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AHA Token Burns 10% of Operating Profit, Completes 2nd Regular Burn

AHA (AHT), a social Q&A community, has completed its second regular burn in line with its burn program. On February 2, the platform announced through official channels that "4,434,678 AHT, equivalent to 10% of the operating profit for the second quarter of 2024, were burned from the reward pool." At the time of the burn, AHT worth approximately 29,667,995 won was destroyed. The AHT community had previously indicated its intention to regularly burn AHT equivalent to 10% to 30% of the semi-annual operating profit generated from upcoming asset offerings. This burn is a testament to the platform's commitment to supply and demand balance and long-term token value. AHA remains dedicated to enhancing its platform and expanding its user base. With the successful completion of its second regular burn, the project demonstrates its commitment to responsible token management and community engagement.

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