Oly One launches black hole burn mechanism, achieving permanent deflation of OLY tokens through smart contracts
Show original
According to ChainCatcher, Oly One has launched a black hole burn mechanism. This mechanism utilizes smart contracts to automatically burn a portion of OLY tokens during each transaction, achieving permanent deflation.
This mechanism aims to provide stability to the DeFi sector by reducing the token supply and combines it with a dynamic bottoming structure to enhance the ecosystem's self-regulation capabilities.

0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
In the past hour, total liquidations across the network reached $53.7075 million, mainly long positions.
BlockBeats•2025/10/19 16:13
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$109,192.96
+2.19%

Ethereum
ETH
$3,991.44
+2.79%

Tether USDt
USDT
$1
-0.00%

BNB
BNB
$1,126.32
+3.10%

XRP
XRP
$2.4
+1.86%

Solana
SOL
$191.09
+3.16%

USDC
USDC
$0.9998
-0.01%

TRON
TRX
$0.3192
+1.57%

Dogecoin
DOGE
$0.1972
+4.60%

Cardano
ADA
$0.6593
+4.07%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now