Official announcements

HitBTC Token (HIT) Token Burn Update - August 2021

HitBTC Team

• 1 min read
HitBTC Token (HIT) Token Burn Update - August 2021
HIT Token Burn

In August we burned a total of 23,008,771.52 HIT tokens (about 6.4 million USDT). The overall supply of HIT has officially decreased from 2,000,000,000 HIT to 1,951,452,078.48 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x50fce42e5ea64623a0de551c952489fa22b2765937a72c1600e92803a50be6e2

HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.

Find out more about the HIT Token here.

For more information about the HIT Token read our frequently asked questions here.