BlockBeats News, May 4th - According to an official announcement, the on-chain burn of Websea's platform token WBS for April 2025 has been completed. This time, 1,515,937.5 WBS were transferred to the burn address, an increase of 118,760 WBS compared to the previous month.
At the time of writing, the price of WBS is $1.03, a 66% increase from the previous month. The value of the burn exceeded $1.56 million, and the total accumulated burn of WBS has reached 57,600,015.3 tokens. It is reported that Websea conducts a monthly buyback and burn of WBS equivalent to 10% of the platform's transaction fees, gradually reducing the token's supply until the total amount is reduced from 300 million tokens to 100 million tokens.
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