ME News reported on December 23 (UTC+8) that according to official news, the cryptocurrency trading platform Websea announced that it has officially completed a one-time on-chain destruction of 57,000,000 WBS today. This destruction comes from all the tokens released in this period's on-chain lock-up contract, corresponding to a 19% release share of the initial total locked amount, which has now been fully executed for permanent destruction. The total supply of WBS has decreased from 300 million to 167 million, and in the future, it will continue to repurchase and destroy according to the established deflationary mechanism, ultimately converging the total amount to 100 million. It is reported that along with the deep expansion of the Websea ecosystem and the implementation of the deflationary model of the Yung Ying Fund, the platform has chosen a more certain way to enhance the long-term value of WBS, and this consumption will change the supply structure and scarcity of the WBS platform token. (Source: ME)