Infiblue World Burns 80 Million MONIE Tokens in Ongoing Token Burning Program

Infiblue World, a Web3 game development platform, has implemented a significant token burning strategy for its native cryptocurrency, MONIE. The company's goal is to increase the value and scarcity of MONIE tokens through this process.

The token burning program involves allocating a portion of monthly trading fees towards repurchasing and burning MONIE tokens. This approach helps reduce the supply of MONIE, potentially leading to an increase in its value over time.

As part of the program, Infiblue World has burned 80 million MONIE tokens so far, accounting for less than 1% of the circulating supply. The platform's consistent repurchasing and burning schedule indicates a commitment to the deflationary model.