Infiblue World Burns 80 Million MONIE Tokens in Deflationary Move

Infiblue World, a Web3 gaming platform, has taken steps to increase confidence in its network by burning 80 million MONIE tokens.

The token burning program is designed to reduce the circulating supply of MONIE tokens, potentially increasing their value over time. Infiblue World conducts monthly repurchases and burns, a consistent approach that ensures steady decreases in MONIE supply.

While the move has not yet had a positive impact on the price of MONIE, which trades at $0.006597, it is expected to have long-term benefits for the token's value and scarcity.