TechFlow, September 4 — MEET48, the world's first AI-powered UGC and fan economy ecosystem community focused on entertainment, announced today the permanent destruction of 23,472,000 IDOL tokens, representing approximately 0.489% of the total IDOL token supply and about 30% of the total votes cast in the 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). The transaction hash for the burn to the black hole address is:
0x048070c7a8b36150ce33b75ade00af8d00c0d2335ef6b402bc72a722d83c833e.
Additionally, MEET48 has completed the repurchase of 169,920,000 IDOL tokens, approximately 3.54% of the total IDOL token supply, with the buyback addresses disclosed as:
0x23787C1ca6fe2db73740f70b13c6dEF80c1c8521 and 0x5A1d78Bb15E074A085379FBcBAF959CfA7660E50.
Prior to this announcement, MEET48 was shortlisted as a finalist for the BNB Chain 2025 Award Rising Star category and ranked among the Top 10 Rise Tokens in Binance Wallet’s Alpha Focus list over the past week. This IDOL token burn and buyback initiative aims to reduce the overall supply, enhance token value, and further strengthen MEET48’s community foundation. As an innovation pioneer in the Web3 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI technologies.
