Key Highlights: GRVT has completed its first-ever buyback and burn operation, removing 1.1 million GRVT tokens permanently from circulation. The tokens were purchased directly from the open market before being burned, signaling a deflationary approach to GRVT token supply management. GRVT operates as a futures trading platform for both crypto assets and real-world assets, positioning ...
Key Highlights Polygon permanently burned 100 million $POL tokens—approximately 1% of total supply—worth roughly $10.22 million on September 23. $POL has surged nearly 12% since the burn, trading near $0.113, but faces immediate resistance at the $0.115 level. The burn introduces a community-governed, fee-funded mechanism linking future token removal directly to Polygon network activity. Polygon ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a permanent burn of 100 million $POL tokens, with the contract already deployed to testnet and pending Polygon Security Council signatures for mainnet launch. The one-time burn draws from a fee collector holding roughly 121 million $POL, and the community will be able to continue quarterly burns ...