$CREO 3rd Burn Completion : Important Details To Note

Creo Engine
2 min readMay 15, 2024
$CREO BURN COMPLETED

Today marks a pivotal moment in the evolution of our platform as we proudly announce the successful completion of our 3rd token burn event. We have burned 200,000,000 $CREO tokens, valued at nearly $20,000,000 (pricing as per May 2024), significantly reducing the total supply and reinforcing our commitment to a sustainable and thriving token economy.

Details of the Burn Event — May 2024

  • Total Tokens Burned: 200,000,000 $CREO
  • Total Value of Burned Tokens: Nearly $20,000,000 (May 2024)
  • New Total Supply: Reduced from 988 million to 788 million $CREO
  • Circulating Supply: Approximately 290 million $CREO remains in circulation.
  • Burn tx id: https://bscscan.com/tx/0xece55c3a7283bdd9648ba785ffc3dc1249eea910eb0dfd8c7f9bbbe6ca7985b1

Reasons Behind The 3rd Burn

Token burning is a strategic move designed to enhance the value and stability of the $CREO token. With a healthy deflationary mechanism, we believe it is one of the key efforts to maintain and grow our ecosystem.

For this particular burn, the decision stemned from our latest exceptional business development, which was driven by surpassing expectations and experiencing a notable increase in revenue as we’ve been seeing growing numbers of transactions, NFT trades, NFT purchases, subscriptions, and more!

By permanently removing a substantial amount of tokens from circulation, we aim to:

  1. Reduce Supply: Decreasing the total supply of $CREO tokens helps to create scarcity, which can positively impact the token’s value.
  2. Enhance Value: With fewer tokens available, each remaining token potentially holds more value, benefiting all token holders.
  3. Boost Confidence: Demonstrating our commitment to a healthy token economy reassures our community and investors of our long-term vision and stability.

This substantial reduction underscores our ongoing efforts to foster a robust and sustainable economic environment for $CREO.

Looking Forward A Strengthened Future

As we celebrate this milestone, we remain committed to transparency and accountability. The successful completion of the token burn event is a clear indication of our dedication to these principles.

Stay tuned for further updates as we continue to innovate and enhance the $CREO ecosystem. Our journey is far from over, and with your unwavering support, we are building a solid Web3 gaming ecosystem that benefits everyone.

Thank you for being a part of this incredible journey.

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Creo Engine

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