Bitcoin entered October strongly after spending September in a certain range.
While this rise in BTC also affected altocins, some altcoins attracted the attention of investors with their rise.
At this point, Verasity (VRA), a popular metaverse altcoin, announced in its post that they held one of the largest community consultations in crypto history and as a result of this consultation, they burned 50% of their maximum supply.
In their statement, the team said that they will move the 90 billion tokens currently allocated for data circulation to a new blockchain network.
“Now, our consultation with the community and the subsequent burning of our strategic reserve tokens, approximately 50% of our maximum supply, proves that we are listening to our community and evolving our crypto ecosystem. This is part of our growth strategy for 2024, where we expect huge demand for our advertising solutions,” said RJ Mark, CEO and Founder of Verasity. “And now we're laying the foundation for that growth.” said.
After this announcement, VRA started to rise and experienced a 15% jump in the last hour. VRA continues to trade at $0.00569 at the time of writing.
*This is not investment advice.