20.01.2023
The quarterly BTT burn happened today
At the end of each accounting period, the company burns 20% of the total BTT token revenue from providing services on the platforms. If Bit.team has not earned that 20% BTT by the time of the quarterly burn, then the company redeems the token for the missing amount within one week before the burn.
We already mentioned that the quarterly report is scheduled for January 2023. Final calculations have ended as planned and token burning is next.
📈 This morning we executed a 6,000,000 BTT burn transaction. You can find the full details of the transaction here:
So the token reserve remained the same: 3,949,952.46 DEL, and the issue has decreased and is currently at: 454,999,925.18 BTT.