Morph Foundation has destroyed 220 million BGB and simultaneously locked 220 million BGB in the foundation's independent address.
ChainCatcher reported that the Morph Foundation has announced the permanent destruction of 220,000,000 BGB, with all records left on-chain.
At the same time, another 220 million BGB have been locked in an independent address of the Morph Foundation, with 2% to be unlocked each month over the next 50 months. The Morph Foundation will transfer BGB from the Ethereum chain to the Morph chain.
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.
You may also like
Bitwise has filed a registration document for a Sui ETF
Near Protocol's NEAR token is now cross-chained to the Solana network | PANews
NEAR token has been simultaneously issued on the Solana network
NEAR Token has been cross-chain issued on the Solana network
Trending news
MoreCrypto prices
More
