BNB

NFTb Community Votes to Burn 25% of Token Supply

by BSCN

January 16, 2023

The price of NFTb token has increased by 70% since Phase 3.0 plans were announced in early December. The massive burn will take place Jan. 31.

Burn to Occur Jan. 31

The NFTb community has officially voted in favor of conducting a massive burn of the NFT marketplace’s token supply. According to the BNB Chain project’s first governance proposal, 25% of $NFTb will be removed from circulation on Jan. 31.

Wowzers 🤩

Over 3000 community members voted on burning 25% of $NFTB tokens. This will be the biggest #tokenburn in NFTb's history!

🗓 31 Jan
🔥25% of the total supply

Are you ready for the great burn? pic.twitter.com/tGG5vamhXi
— NFTb (@nftbmarket) January 16, 2023

The token’s price has reacted positively to the burn plans that were announced in early December as part of the comprehensive Phase 3.0 proposal to upgrade the project. Since Dec. 1, the value of $NFTb has increased by about 70%.

What is NFTb:

NFTb is an NFT exchange protocol built on the BNB Chain network. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. The project's chief concern is providing a powerful and easy-to-use platform for content creators to use while at the same time creating an affordable experience for NFT collectors by leveraging the power of BNB Chain