On January 14, 2023, we conducted the last monthly burn of HIT tokens. On this date we burned 13,244,571 HIT, valued at $1.8 million. The burn amount was determined based on HitBTC's January 2023 financial result, HIT current price and market conditions. Transaction link.
We are switching to quarterly burns starting February 2023. The next token burn will be conducted in late April for Q1 2023. The amount of burn will be adjusted for the number of tokens burned on Feb 14 for January 2023.