Billionaire Butorin Burned a Fortune in Cryptocurrency
OREANDA-NEWS. Youngest cryptocurrency billionaire V. Byterin sent 6,5 billion tokens to an address that doesn’t exist.
Buterin says he plans to withdraw 410 trillion tokens from circulation (about 90% of his block of shares). He also plans to donate the rest of the shares to charity.
For Buterin, this is a common thing – he has already donated 1 billion $ the fight against coronavirus in India, and another 1,5 billion $ to charities.
Recall that such a burning of tokens is the deliberate destruction of a cryptocurrency to increase its value.