Crypto:
30253
Bitcoin:
$66.121
% 0.07
BTC Dominance:
%54.0
% 0.46
Market Cap:
$2.41 T
% 1.30
Fear & Greed:
74 / 100
Bitcoin:
$ 66.121
BTC Dominance:
% 54.0
Market Cap:
$2.41 T

IMARO Meme Coin Successfully Burns Significant Portion of Supply

Imaro

IMARO, a meme coin that was launched just a few weeks ago, successfully burned a significant portion of its total supply last night. The burn, which was completed at 11 PM UTC, saw a large amount of tokens removed from circulation.

The IMARO team had made the decision to burn a portion of the token’s supply in order to create a deflationary tokenomics model. This means that the number of tokens in circulation will decrease over time, which can help to increase the value of the remaining tokens.

The burn process was streamed live on the IMARO website and was met with positive reactions from the community. The team has also announced that they will be hosting Twitter Spaces and Telegram sessions to discuss the burn and other IMARO developments.

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