BURN ANNOUNCEMENT<\/strong><\/p>\n MetFi DAO has completed one of the largest token burns in crypto history today\u2026 exactly 8 weeks after launching.<\/p>\n The DAO burned $789 Million of MFI which is 100% of the MFI tokens that were staked to the DAO Humpback NFT.<\/p>\n This is the burn contract that was created: https:\/\/bscscan.com\/tx\/0x154849e0286264d13650fde8cb6d047a9fa16c396212b4d3b20ba75856415bbf<\/p>\n TheBurn() function was then called and it removed all of the MFI tokens from the DAO staking account and the staking manager then burned the MFI tokens. The contract then self-destructed.<\/p>\n You can see the transactions here: https:\/\/bscscan.com\/tx\/0x4013d060095296294a53f573d722a7a4b1f0ad0aa6a82246fb4860946d16d20f<\/p>\n MFI Tokens Burned: 158,550.334560489426228707 (158,550) Go to My Account inside the app to see the updated MFI breakdown.<\/p>\n Total Supply (MFI): 6,165 CMC and other MFI trackers should update the supply shortly.<\/p>\n The DAO NFT no longer generates new MFI via APY and it cannot influence voting proposals. The burn gives the crypto market the real token supply and our market cap. Thank you for your trust and on-going support during our first 8 weeks.<\/p>\n It is very much appreciated and never taken for granted.<\/p>\n MetFi was built for you and for the long-term.<\/p>\n You really haven\u2019t seen anything yet.<\/p>\n Happy SaturBurnDay MetFiers!<\/p>[\/et_pb_text][dssb_sharing_buttons icon_placement_tablet=”icon” icon_placement_phone=”icon” icon_placement_last_edited=”on|tablet” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][dssb_sharing_button _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”twitter” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”whatsapp” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”telegram” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”pinterest” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”email” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”copy” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][dssb_sharing_button social_network=”print” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][\/dssb_sharing_button][\/dssb_sharing_buttons][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":" MetFi Burns all of the MFI Tokens Staked with the DAO “Humpback” NFT.Announcement made on the official MetFi Telegram Group.BURN ANNOUNCEMENT MetFi DAO has completed one of the largest token burns in crypto history today\u2026 exactly 8 weeks after launching. The DAO burned $789 Million of MFI which is 100% of the MFI tokens that […]<\/p>\n","protected":false},"author":1,"featured_media":22251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[10],"tags":[],"class_list":["post-22250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metfi-updates"],"_links":{"self":[{"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/posts\/22250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/comments?post=22250"}],"version-history":[{"count":5,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/posts\/22250\/revisions"}],"predecessor-version":[{"id":22713,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/posts\/22250\/revisions\/22713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/media\/22251"}],"wp:attachment":[{"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/media?parent=22250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/categories?post=22250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metfier.com\/wp-json\/wp\/v2\/tags?post=22250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Value of Tokens Burned: $789,377,721<\/p>\n
Staked by DAO: 0
Total Market Cap: $30,796,265<\/p>\n
This burn moves us one big step closer towards total decentralization of the MetFi ecosystem.<\/p>\n