HIT token, is the muse of the HitBTC ecosystem. It’s used to offer incentives and rewards to our merchants and lively members in our neighborhood.

On November seventh, we burned a complete of twenty-two,633,768 HIT tokens (about 3 million USDT). We decided the quantity of burn primarily based on the HitBTC’s October buying and selling charges, in addition to token value and market circumstances.

The present provide of Hit tokens stands at 1.5 billion. Since issuance in July 2021, we burned 25% of complete provide and 50% of allowed 1 billion tokens as decided within the whitepaper.

Transaction Hyperlink: https://etherscan.io/tx/0x7b4ee767fa6519db4d8986d03ab6b6b9ea9b90f6d3bbdce7067e85723da9de56

For extra details about the HIT Token learn our steadily requested questions right here.

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