TechFlow reports on January 16 that according to TRONSCAN blockchain data, JST has been transferred to the black hole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb for permanent destruction. As of now, this address has accumulated a total destruction of 1,084,891,079 JST tokens, equivalent to approximately $44.83 million, accounting for 10.96% of JST's total supply. This large-scale burn not only demonstrates the project team's firm commitment to advancing its deflationary mechanism but also strengthens the scarcity foundation of JST's value, marking a new phase of deflation-driven growth within the JST ecosystem.
(Note: A black hole address refers to a special on-chain address used to permanently lock tokens to achieve token destruction.)
Add to Favorites
Share to Social Media
