JST has burned a cumulative 10.96% of its tokens, with over 1.085 billion tokens transferred to a black hole address.
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TL;DR
JST has burned 10.96% of its total supply, sending over 1.085 billion tokens worth $44.83 million to a black hole address. This move reinforces the project's deflationary strategy, enhancing token scarcity and supporting JST's ecosystem development.
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JUSTDeFiYBGEJSTtoken burndeflationary mechanismblack hole addressTRONSCAN
According to Mars Finance, based on TRONSCAN on-chain data, JST has been permanently burned at the black hole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb. As of now, this address has burned a total of 1,084,891,079 JST, corresponding to a value of approximately $44.83 million, representing 10.96% of the total JST supply. This large-scale burn not only demonstrates the project team's determination to continue promoting the deflationary mechanism but also injects stronger scarcity support into the value foundation of JST, marking a new stage of development for the JST ecosystem driven by deflation. (Note: A black hole address refers to a special on-chain address used to permanently lock tokens for burning.)