SFT Protocol, a blockchain protocol enabling dApps to access real-world data, has announced an exclusive development. As per the company, it has conducted the sell-out of Titan Network Phase III hardware infrastructure under the SFT Chain by burning up to 20,000 rSPD tokens. The platform took to its official account on X to reveal this move.
🔈 Today, we're excited to announce the sell-out of SFT Chain's Titan Network Phase III hardware infrastructure, with 20,000 #rSPD burned! 🚀 Thank you for your tremendous support. SFT Chain remains committed to exploring new projects, fostering innovation, and creating… pic.twitter.com/UGI1dPxAA0
— SFT Protocol (@SFTProtocol) July 7, 2024
SFT Protocol Unveils Sell-out of Titan Network Phase III
In its new X post, SFT Protocol expressed its enthusiasm for this sell-out. This development emerges as a huge landmark for the platform’s project and community. The overwhelming participation and support from the firm’s stakeholders and consumers have contributed a lot to this development. Hence, the platform has appreciated their continued trust.
The Phase Includes the Enhancement of Security, Scalability, and Efficiency
The effective sell-out is a piece of evidence about the potential of the SFT Protocol. In addition to this, it also signifies the firm’s innovative technology and resilient infrastructure that SFT Chain leverages. The respective phase takes into account the deployment of cutting-edge hardware to improve the security, scalability, and efficiency of the network. This sets a firm foundation for the upcoming development and growth.
The objective of the SFT Chain goes beyond the development of a blockchain. On the other hand, the platform intends to delve into the exclusive tech frontiers. In this way, it intends to promote innovation and offer unique opportunities to the users. The 20,000 rSPD token burn points toward the platform’s devotion to sustaining a deflationary model. It additionally focuses on the SFT Protocol’s endeavors to increase the value of its ecosystem.