Cryptocurrency project Meme2Earn has announced a significant token burn, reducing the circulating supply of its NUDES token by 69.42%, equivalent to a value of approximately US $1.5 million. The burn will take place during the Meme2Earn New Year’s Fireplace event on Jan. 28, 2025, and will be completed over the following weeks. The reduction in tokens is aimed at increasing token scarcity, enhancing value for holders, and improving market dynamics. Additionally, NUDES will soon gain support for decentralized limit orders through Flamingo Finance's OrderBook+ feature to improve liquidity and market efficiency. The project will pause certain activities in January to address server issues. NUDES was originally launched in 2022 and rebranded but reverted back to its original name in 2024 based on community feedback and the project's commitment to its roots.
- Content Editor ( neonewstoday.com )
- 2025-01-02
Meme2Earn to burn 69.420% of NUDES token supply