Cryptocurrency Exchange Platform Websea Announces Burning of 57 Million Platform Coins WBS

BlockBeats News, December 23rd. According to the latest information, the cryptocurrency exchange platform Websea has officially completed the one-time on-chain destruction of 57,000,000 WBS today. This destruction originated from all the tokens already released in the current on-chain lock-up contract, corresponding to 19% of the initially locked amount, which has now been permanently destroyed. The total supply of WBS after the destruction has decreased from 300 million to 167 million, and in the future, it will continue to repurchase and burn tokens according to the established deflation mechanism, eventually converging the total supply to 100 million.

With the deep expansion of the Websea ecosystem and the implementation of the Overflowing Profit Fund deflation model, the platform has chosen a more deterministic way to enhance the long-term value of WBS. This consumption has altered the supply structure, strengthened scarcity expectations, and allowed the market to envision a new growth trajectory for WBS.