WELL3 “Team Plans to Burn 1.05 Billion WELL”

IconCryptoNewsTerminal Staff07 Jul, 2024

cryptonews.jpg

WELL3 “Team Plans to Burn 1.05 Billion WELL”

WELL3, a Web3 wellness platform, has announced that "1.05 billion WELL (2.5% of the total supply) from the team's allocation will be burned as compensation for the delayed claim due to technical issues during the TGE (Token Generation Event) period." "One thing for sure is that the team did not trade WELL before the community." They also added that the details about the farming rewards will be announced soon. WELL was previously listed on some exchanges, including Bybit and Bitget, but the claim process was delayed due to technical issues during the airdrop claim.