Tonka Finance has completed the destruction of approximately 16.7% of the total supply of TOKA tokens
ChainCatcher news, according to official sources, the inscription asset lending platform Tonka Finance has now burned the ecological token TOKA, with a total of approximately 16.7% (166,666,667 tokens) of the total supply being destroyed. The total supply of TOKA tokens has now been reduced to 833,333,333 tokens.Tonka Finance officials stated that the reason for the token burn is that during the first round of the TOKA token Fair Launch, some bot users maliciously participated and refunded, resulting in some allocations not being claimed. Tonka Finance decided to burn this portion of tokens and relinquish ownership of the TOKA token contract after the burn. After the burn, the market value and FDV of TOKA tokens will be further adjusted and enter a new deflationary phase.It is reported that Tonka Finance is a lending platform focused on enhancing the functionality and liquidity of inscription track assets, and will continue to provide effective solutions for new digital assets, including liquidity and financial utility aspects.