The TKO token issued by the Tokocrypto platform is undergoing regular burn as planned. According to official disclosures, the TKO Foundation commits to burning tokens equivalent to 10% of Tokocrypto's volume revenue every quarter.

Let's review the recent two quarters of the destruction activities:

In the fourth quarter of 2023, the TKO Foundation conducted a continuous destruction operation for three days at the end of December. Specifically, on December 22, 27, and 28, a total of 22,972 TKO tokens were destroyed each day, totaling 68,916 tokens.

As we enter 2024, the scale of destruction in the first quarter has expanded. In mid-June, the foundation destroyed a total of 229,926 TKO tokens over two days. On June 12, 114,963 tokens were destroyed for the first time, reducing the circulating supply of TKO from 496,957,568.66 to 496,842,605.66. Following that, on June 14, an equal number of tokens were destroyed, further reducing the supply to 496,727,642.66.

This periodic burn mechanism aims to control Token inflation and potentially increase scarcity. However, it is worth noting that the actual impact of the burn needs to consider various factors such as market demand and project development. While investors pay attention to these data, they should also comprehensively assess the long-term value and development prospects of the project.

As the cryptocurrency market continues to evolve, whether token destruction strategies like TKO can sustainably bring positive effects to its ecosystem remains to be seen. In the future, we will continue to monitor the destruction process of TKO and its potential impact on the market.