It has been officially announced that the BitTorrent Chain (BTTC) has conducted a massive token burn that removes a large quantity of tokens from circulation by sending them to an inaccessible address (address from which private keys cannot be retrieved), meaning they are permanently out of circulation.
🔹 The official burn number: More than 575 billion BTTC tokens have been burned so far.
🔹 This amount represents approximately 58% of the total original supply of the currency.
📌 Important notes:
The burning process is effective in reducing supply and increasing scarcity, which may affect the price in some cases if demand increases.
Burning does not occur automatically from each transaction, but is a regulatory procedure by the team or through specific burn programs.
