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The BitTorrent re-denomination is underway, and the burning of BTTOLD is progressing faster than I expected. So far, about 27.9 billion have been burned, which is said to be around 28% of the total. Out of 990 billion, this level seems quite meaningful.
If the BitTorrent burn continues, it could be a positive signal from the supply side, so it’s worth keeping an eye on how far it will go. Among token burn projects, it’s not that common for them to actually carry out the process—so it’s interesting that this one is continuing like this.