WagyuSwap DEX Burns 30 Million of $WAG; 7% of Total Supply is Now Gone
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
December 9 2021, Tallinn, Estonia - Just 8 days after WagyuSwap, the world's fastest and cheapest decentralized exchange built on the Velas Network announced the Great Steak Event, the team announced yet another periodic token burn initiative of 30,000,000 of the platform’s native $WAG token.
The burn will deplete the total supply by 7%, bringing it back down to 500,000,000. The burn announcement was made on Thursday December 9th prior to an ask me anything (AMA) session with Velas COO, Shirly Valge. Chef Ramsey stated;
“The WagyuSwap community members who are staking are still seeing crazy returns with some of the pools returning over 800%.” He continued:
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