PANews reported on May 21 that Catizen achieved over 50 million $NOT in revenue within three days after supporting $NOT payments. In response, Catizen and Notcoin jointly announced the destruction of 10% of this $NOT revenue. This burn significantly reduces the circulating supply of $NOT, marking a bold and strategic move aimed at enhancing the token's value and market dynamics. Since Catizen integrated $NOT for recharges, both communities have benefited from increased utility and exclusive offers. This token burn is a strong testament to the close cooperation and shared vision of both parties.
Catizen and Notcoin Jointly Burn 5 Million $NOT Tokens to Strengthen Ecosystem
PANews2024/05/21 12:08
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By:PANews
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