The encryption asset trading platform Websea announced the completion of a one-time burn of 57 million WBS Platform Tokens.

2025-12-23 07:02:03

Abstract generation in progress

According to news from Deep Tide TechFlow on December 23, the encryption asset trading platform Websea announced that it has officially completed a one-time on-chain destruction of 57,000,000 WBS today.

The current destruction comes from all the released tokens in this period's on-chain lockup contract, corresponding to 19% of the initial total lockup amount, which has now been permanently destroyed. After the destruction, the total supply of WBS has decreased from 300 million to 167 million, and in the future, we will continue to repurchase and destroy according to the established deflationary mechanism, ultimately converging the total amount to 100 million coins.

It is reported that, with the deep expansion of the Websea ecosystem and the implementation of the Yungying Fund deflation model, the platform has chosen a more certain way to enhance the long-term value of WBS. This consumption will change the supply structure and scarcity of the WBS platform token.

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