Deep Tide TechFlow news, December 23, according to official sources, the crypto asset trading platform Websea announced today the formal completion of a one-time on-chain burn of 57,000,000 WBS.
This burn originates from all tokens released in the current on-chain lock-up contract, corresponding to 19% of the initial total lock-up amount, and has now been permanently executed. After the burn, the total supply of WBS has decreased from 300 million to 167 million, and will continue with ongoing buybacks and burns under the established deflation mechanism, ultimately converging the total supply to 100 million tokens.
It is reported that alongside the deep expansion of the Websea ecosystem and the implementation of the Yongying Fund deflation model, the platform has chosen a more deterministic approach to enhance the long-term value of WBS. This consumption will alter the supply structure and scarcity of the WBS platform token.
