In May we burned a total of 43,161,828 HIT tokens (about 7 million USDT). The overall supply of HIT has officially decreased from 1,687,016,825.06 HIT to 1, 643, 854, 997.06 HIT as a result of this recent burn.
HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.
Find out more about the HIT Token here.
For more information about the HIT Token read our frequently asked questions here.
This article came directly from HitBTC, at https://hitbtc.com/blog/hitbtc-token-hit-token-burn-update-may-2022/