On January 14, 2023, we performed the final month-to-month burn of HIT tokens. On this date we burned 13,244,571 HIT, valued at $1.8 million. The burn quantity was decided primarily based on HitBTC’s January 2023 monetary consequence, HIT present value and market situations. Transaction hyperlink.
We’re switching to quarterly burns beginning February 2023. The subsequent token burn shall be performed in late April for Q1 2023. The quantity of burn shall be adjusted for the variety of tokens burned on Feb 14 for January 2023.
