#burn #Binance #crypto2023 #salmonation #beonechain
The Salmonation project has made a significant move towards increasing public trust and decentralization by burning all supply of $SUI tokens owned by developers. The project was launched on the Binance Smart Chain (BSC) network with a maximum tokenomic supply of 100,000,000 SUI and an outstanding circulation of 50,000,000 SUI in the pancakeswap-finance pool. The remaining 50,000,000 SUI was held by the developers.
With the burning decision, the circulating supply of $SUI will be maintained at 50,000,000 SUI in the Binance Smart Chain network. This move aims to increase organic transactions, leading to decentralized transactions based on smart contracts.
The impact of this decision will also guarantee a custodial transaction from $SUI to $BOC COIN in the BeOne network. This will ensure that BOC COIN has the same value as SUI, thus increasing the confidence of users and developers to transact using BeOneChain.
Overall, this move by the Salmonation project is a step towards greater transparency, decentralization, and trust in the project. It will be interesting to see how the community responds to this development and how it impacts the project's growth in the future.
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