50% of the trading fees from Giggle coins received by Binance will be burned.
This burn mechanism officially started on December 1, 2025, with fees being accounted from November 1.
Binance transfers 50% of trading fees (spot and futures) for GIGGLE pairs to GIGGLE tokens.
Half of these converted tokens (50%) will be burned, while the other half (50%) will be donated to the Giggle Academy to support educational projects.
The burning process aims to create a deflationary pressure on the supply of GIGGLE coins, as an increase in trading volume leads to a higher amount of burned coins.
Yes, Giggle tokens will be burned. The Giggle Academy, associated with the Giggle Fund token (which is a meme token created by the community), announced its decision to burn 50% of the trading fees it receives from the Binance platform. This burn mechanism officially began on December 1, 2025, with fee calculations starting from November 1.
According to the specified mechanism, Binance transfers 50% of the trading fees generated from GIGGLE pairs (whether in spot trading or futures) to GIGGLE tokens. After that, 50% of these transferred tokens are burned by sending them to a non-recoverable "black hole" address, effectively removing them permanently from circulation. The remaining 50% is donated to the Giggle Academy to support its charitable and educational initiatives.
This burning process aims to create deflationary pressure on the total supply of GIGGLE coins, which may affect their value. The Giggle Academy has clarified that the Giggle Fund token is a meme coin created by the community and is not officially issued by them, and that it focuses on charity and education and has no plans to issue tokens in the foreseeable future.
