🔸$MBAG Says
Dear MoonBag Community,
We are thrilled to announce that 20,190,262,576.02 $MBAG tokens have been successfully burned and permanently sent to the dead wallet today. This action represents a significant reduction in our overall token supply and demonstrates our continued commitment to strengthening the value of $MBAG for our loyal community.
🔸Burn Breakdown
The tokens burned today come from:
· Presale Wallet: Excess tokens remaining after the presale.
· Referral Wallet: Tokens initially reserved for rewards.
· Community Wallet: Tokens initially reserved for community initiative's
This burn is part of our ongoing strategy to balance supply and demand within the MoonBag ecosystem. The Liquidity Wallet remains untouched, as those tokens may be required for future listings on additional exchanges.
🔸Buyback & Burn Update
As always communicated, our buyback and burn initiatives will begin 3-6 months after launch, after the staking rewards have been fully distributed. This timeline is designed to ensure stability and growth for $MBAG in the months ahead.
🔸Current Supply
After this burn, the circulating supply of $MBAG is now 29,547,324,090.98, out of a maximum supply of 76,147,237,423.98. This means that approximately 39% of the total supply is currently in circulation, further strengthening the token’s deflationary model.
🔸CMC and Dextools Supply Updates
We have also applied for an update to reflect these changes on CoinMarketCap (CMC). Once this update has been processed, the new supply figures will also be reflected on Dextools.
This burn marks another important step in MoonBag’s journey, and we are grateful for the ongoing support from our community. Stay tuned for more exciting updates as we continue to build toward a bright future!
Thank you for your continued trust and support. 🚀🌕