New 10SETx burn

2024-01-29

New 10SETx burn

It’s the start of another week, so it is time to provide an update about Tenset’s burning strategy! A massive 80,000 10SET tokens have just been burned as a result of users converting their Infinity locks to 10SETx!

You can find the burn transaction here:

https://bscscan.com/tx/0xd9c27efaf5811bf6ac6b2e64dde727871109dd8805076a2c3efc65a8670f28a9

A new initiative was introduced previously to bolster the Tenset Marketplace, and give Infinity users more freedom. This of course was 10SETx, which allowed existing Infinity users to burn their locked tokens in return for 10SETx, a token that could be used on the Tenset Marketplace. This has been a resounding success, leading to hundreds of thousands of tokens being burned and some hotly contested NFT auctions.

You can find out more information about 10SETx here: https://www.infinity.tenset.io/tenset-x

Deflation and burning tokens is one of the core philosophies of the Tenset ecosystem. To date, over 50 million tokens have been burned in total, which is 24% of the initial total supply (210 million)! Each day this final supply gets smaller and smaller!


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