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TechFlow reported on October 14 that Three Arrows Capital (3AC) announced a new token burn mechanism for its $3AC token: whenever there are over 100 on-chain holders each holding tokens worth more than $100, 1% of the total token supply will be burned. The team will take weekly on-chain data snapshots every Friday to determine the burn ratio.
According to official announcements, Three Arrows Capital (3AC) has unveiled a new token burn mechanism for its $3AC token: whenever 100 on-chain users holding tokens worth more than $100 are identified, 1% of the token supply will be burned. The project team will take weekly on-chain data snapshots every Friday to determine the burn ratio.
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