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📅 July 3, 7:00 – July 9,
$ROUTE gains over 13% after executing 9M $ROUTE token Burn
$ROUTE, native utility token of Router Protocol, a cross-chain liquidity aggregator that enhances movement of assets & data across different blockchains, is up over 13% in the past 24hours, & now trades around $0.04814, with inflow of $136.98k, as per Gate.io chart.
This comes with the spike in engagement across the crypto community amid the fantastic News that more than 9 Million $ROUTE v2 Tokens, nearly 0.9% of the total supply, worth over $400k, has recently been Burnt. Router is pioneering the burning of staking tokens from unvested supply by burning the staking rewards earned on unvested $ROUTE supply, aiming to continue its effort towards building a stronger & more valuable ecosystem for all. The platform is also set to buy back & burn $ROUTE tokens with 100% of Router Nitro’s revenue.