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Osmosis Burns 55.5 Million OSMO Tokens From Community Pool
(2 hours ago) · 1 source · Summarized by CryptoBipto
The Osmosis decentralized exchange has burned 55.5 million OSMO tokens from its community pool. The burn permanently removes these tokens from circulation, reducing the overall supply of the OSMO token.
WHY IT MATTERS
Think of a token burn like a company buying back its own shares and shredding them — the tokens are permanently destroyed and can never be used again.
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SOURCES
- thedefiant.io
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OSMOToken BurnsOsmosisDeFi GovernanceCosmos Ecosystem