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Websea announces 45th round of WBS token buyback and burn
Websea has completed its 45th WBS token burn, removing over 4.26 million WBS (valued at more than $920,000) from circulation, with a total of approximately 159.25 million WBS burned to date as part of its ongoing monthly buyback and burn program.
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Websea has completed its 45th round of WBS token burning, removing approximately 4,261,896.87 WBS tokens from circulation. According to the company, the total amount of tokens burned to date is around 159,251,964.59 WBS, representing progress toward a 100 million token cap with about 40.75 million tokens remaining. Each month, Websea executes a buyback and burn of WBS tokens amounting to 10% of its platform fees as part of its ongoing deflationary program. No additional details were provided in the announcement.
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Websea is a cryptocurrency exchange established in August 2023, providing a platform for spot and futures trading with leverage up to 100x. The broker offers tools such as Launchpool, Launchpad, copy trading, P2P trading, and staking for passive income, supported by a user-friendly interface and two-factor authentication for enhanced security. For additional details, see the broker profile on Traders Union.
For context, our earlier news about Websea covered their announcement of the top 24-hour futures gainers, highlighting standout contracts and platform features; you can read more in the previous Websea update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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