There has been an important development in the Metaverse altcoin project Bloktopia, which is very popular among the Turks.
In the last vote, it was decided to burn 40% of the total supply.
In the announcement made by Bloktopia, it was stated that information about the incineration process and the incineration address will be published today.
“The vote on how much of the total supply of blockchain tokens should be burned is closed.
The 40% burn bid won by a wide margin.
Full details on the incineration and TXID will be released today."
While Bloktopia's announcement excited investors, BLOK rose 13% today.
With the recent rise, BLOK continues to trade 98.2% below its highest level.
The project, which was purchased with the expectation that it will be listed on Binance within the last year, caused many investors to be disappointed. As the trust in the project decreased over time, Bloktopia's volume on social platforms also decreased.
We will be watching if an uptrend will start again in BLOK after the burning news.