XTTA's Deflationary Drive: Token Burns Powering Expansion in Mining
- XTTA, Owlverse's native token, burned 50M tokens (12.5% of supply) to boost scarcity and value via deflationary strategy. - The "mining-driven + deflation" model aims to strengthen competitiveness in DePIN and smart finance sectors. - Future plans include surpassing 50% supply burns, contrasting traditional inflationary models to create upward price pressure. - Token burns align with crypto trends combating dilution, while real-world AI/infrastructure use cases enhance adoption potential. - Despite marke
XTTA Advances Deflationary Path with 50 Million Tokens Burned
XTTA, the core token within the Owlverse ecosystem, has made a major move to boost its scarcity and strengthen its value by burning a total of 50 million tokens, which accounts for 12.5% of its entire supply. TrendX, the project's official platform,
This burning event is part of a larger "mining-powered plus deflation" plan, which supports XTTA’s ambition to secure a lasting edge in the DePIN (Decentralized Physical Infrastructure Network) and smart finance arenas. According to TrendX, as the Owlverse mining network grows, the deflationary process for the token is intensifying. The project also pointed to the upcoming release of Owlie, the world’s first physical Web3 AI pet, expected by the end of the year, as a major ecosystem milestone.
"By methodically decreasing the supply, we are fueling fresh growth in the Web3 mining finance sector," TrendX noted in its statement. The team anticipates that total token burns will eventually exceed half of the overall supply, ushering in what they call a "robust deflationary stage." This strategy stands in contrast to conventional inflationary models, aiming to drive XTTA’s value higher as demand overtakes supply.
This action reflects a broader movement in the cryptocurrency industry, where projects use token burns to fight dilution and demonstrate dedication to their communities. XTTA’s approach is further strengthened by its integration with the Owlverse’s growing range of applications, such as AI-powered solutions and decentralized infrastructure. Experts observe that these mechanisms can boost both the utility and adoption of tokens, especially in ecosystems focused on real-world implementations.
Although XTTA’s achievements are significant, the overall crypto market continues to experience instability. Recent incidents, including
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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