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JST's cumulative burn rate has reached 10.96%, with over 1.085 billion tokens transferred to a blackhole address
Svmuu News: According to on-chain data from TRONSCAN, JST has been transferred to the blackhole address T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb for permanent destruction. To date, the total amount of JST destroyed at this address stands at 1,084,891,079 tokens, corresponding to a value of approximately $44.83 million, representing 10.96% of the total JST supply. This large-scale burn not only demonstrates the project team’s commitment to advancing the deflationary mechanism but also reinforces the scarcity underpinning JST’s value, marking a new phase of deflation-driven value growth for the JST ecosystem. (Note: A blackhole address refers to a special on-chain address used to permanently lock tokens for destruction.)
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