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Sky Completes Second Burn, Destroying 7.37 Million SKY Tokens

The second burn was about 2.6 times the size of the first. Sky’s Stage 2 framework directs 5% of monthly net surplus to SKY buybacks and burns.

By Simon Yoon
Published
Metal token discs rest beside a darkened crucible in daylight / TokenPost.ai
Metal token discs rest beside a darkened crucible in daylight / TokenPost.ai

Sky completed its second token burn, destroying 7.37 million SKY tokens, about 2.6 times the amount burned in the first event.

Under its Stage 2 capital allocation framework, Sky uses 5% of monthly net surplus for SKY buybacks and burns.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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