ChangeNOW Brings Back $NOW Burns
ChangeNOW has resumed its $NOW token burn program, permanently removing 210,018 tokens from circulation as part of its long-term plan.Summary
ChangeNOW, a crypto management platform, has restarted its regular $NOW token burn program, as detailed in its whitepaper. The latest burn, which occurred on December 17th, removed 210,018 tokens from circulation. This is the fifth scheduled burn, aligning with ChangeNOW's plan to reduce the total supply of $NOW across chains to 100,000,000. Burns are expected to continue quarterly. According to CSO Pauline Shangett, resuming the burn program reflects the progress made in strengthening the $NOW token and the ChangeNOW platform. The $NOW token serves as a utility token across ChangeNOW's various products and services, offering benefits like discounted services and staking rewards. The burn program aims to gradually reduce the circulating supply of $NOW as the network grows, with all supply figures and burn records publicly available. This resumption coincides with ongoing expansion across ChangeNOW's product family, including improvements to NOW Wallet, NOWPayments, and NOWNodes.
(Source：BeInCrypto)