Tatilbudur, Antalyaspor, Balıkesirspor, Adana Demirspor, Diyarbekirspor, Erzurumspor, Giresunspor, Hatayspor, Kayserispor, Çaykur Rizespor, Sakaryaspor, Sivasspor, Şanlıurfaspor, Tuzlaspor, Vanspor and Yeni Malatyaspor’s token burns were carried out by the new generation of digital wallets Yeni MalatyasporAY .

The number of burned fans and social tokens is explained as follows:

12 Tatilbudur HOLIDAY tokens were burned

5,065 AKREP tokens from Antalyaspor were burned.

1,003 Balkesirspor BLKS tokens were burned.

20,883 DEMIR tokens from Adana Demirspor were burned.

5,234 DIYAR tokens from Diyarbekirspor were burned.

3,464 Erzurumspor ERZ tokens were burned.

1,720 Giresunspor GRS tokens were burned.

2,084 Hatayspor HATAY tokens were burned.

11,907 Kayserispor KYSR tokens were burned.

2,971 RIZE tokens from Çaykur Rizespor were burned.

3,429 Sivasspor SIV tokens were burned.

200,324 SKRY Tokens of Sakaryaspor were burned.

210 Tuzla Tokens from Tuzlaspor were burned.

4,517 URFA tokens from Şanlıurfaspor were burned.

2,603 ​​VAN tokens from Vanspor were burned.

660 YMS tokens from Yeni Malatyaspor were burned.

What is a burn?

Burning cryptocurrency is a common process in the cryptocurrency ecosystem. This is done to permanently remove a certain amount of cryptocurrencies from circulation and reduce the total supply in circulation. This process takes a deflationary approach by reducing the number of tokens in circulation. As the number of tokens in circulation decreases, the current token value is theoretically expected to increase in the long run.

How do Fan Token Burns take place?

Fan Token burns are performed based on the number of goals scored by the clubs in the league they compete in. The token amount valid per target and specified in the prospectus will be bought and burned in Turkish lira on the market.

Source: (BHA) – Beyaz News Agency