TrendX has announced that it has burned 50 million XTTA tokens, equating to 12.5% of the total supply, as part of its computational mining mechanism. This move is aimed at increasing the scarcity and value of XTTA. The company plans to continue this deflationary strategy, potentially destroying over 50% of the total supply in the future. This initiative is expected to enhance XTTA's competitiveness in the global DePIN and smart finance sectors. Additionally, TrendX is expanding its computational network and launching new projects, including the Owlverse ecosystem and Owlie, a physical Web3 AI pet, by the end of the year.
TrendX Burns 12.5% of XTTA Token Supply, Plans Further Reductions
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