SuperWalk to Burn 3.46 Million GRND Tokens

IconCryptoNewsTerminal Staff27 Jul, 2024

cryptonews.jpg

SuperWalk to Burn 3.46 Million GRND Tokens

Move-to-Earn (M2E) project SuperWalk (GRND) has announced via X its plan to "burn 3,469,987 GRND." The burn mechanisms will include NFT trading fees, in-app item sales, in-app swap fees, raffles, and more. The total supply of GRND will decrease from 990,991,828 GRND to 987,522,931 GRND, while the circulating supply will decrease from 109,345,367 GRND to 105,876,470 GRND. GRND token value is expected to increase as a result of the burn, which reduces the overall supply of the token and increases its scarcity. At the time of writing, GRND is trading at $0.1152, representing a 9.89% increase over the last 24 hours, according to CoinMarketCap.

Related News