Archethic Blockchain Burns 90% of their Native Tokens — a Crypto First
The project has adopted a deflationary tokenomic model to ensure network sustainability. A new blockchain project called Archethic has become the first project to burn 90% of their total token supply — within just 6 months of launch of their Mainnet Beta. The unprecedented mass burn of the $UCO token is a decision made in order to ensure the long-term sustainability of the project, based on the analysis of simulations comparing the circulating supply of their token to the future fully diluted supply. The simulation found a divergence from market standards which was affecting....
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