Crypto Daily
2026-01-29 09:56:46

XYZVerse Burns 10 Billion $XYZ Tokens to Increase Scarcity Ahead of TGE

January 2026 — XYZVerse has announced the permanent burn of 10 billion $XYZ tokens as part of its supply management strategy ahead of the project’s upcoming Token Generation Event (TGE) and listing on MEXC scheduled for the 29th of January 2026. The burn represents a significant reduction of the total token supply. According to the team, the decision is aimed at reinforcing long-term token economics as $XYZ prepares to enter open market trading. By removing a substantial portion of tokens from circulation, XYZVerse reduces overall supply ahead of exchange listings. This change directly impacts scarcity dynamics, particularly as platform usage and on-chain activity are expected to increase following the TGE. The team also framed the burn as a signal to long-term participants. Rather than relying on forward-looking statements, the project chose to implement a concrete supply adjustment before public trading begins. In this context, the burn functions as a value-alignment measure, linking token structure to sustained participation rather than short-term speculation. Transparency remains central to the process. The burn was carried out through a publicly visible transaction, allowing anyone to verify the reduction independently on-chain. This approach aligns with XYZVerse’s broader emphasis on verifiable actions, including audited smart contracts and open reward distribution mechanisms. The burn takes place as XYZVerse concludes its presale phase and prepares for the launch of its core product, Counter-Strike 2 League and broader on-chain engagement features powered by $XYZ. With the TGE approaching, XYZVerse continues to finalize structural elements that will shape how the token functions once open trading begins. After listing, $XYZ pricing will be determined by market demand, liquidity, and real platform usage rather than presale conditions. About XYZVerse XYZVerse is a multi-title esports platform built around competitive play, fan participation, and measurable brand engagement. Players compete in on-chain leagues, fans actively participate and collect digital assets, and brands gain transparent performance data tied to real activity. All platform revenue is routed through XYZVerse’s Revenue Router, a system that deterministically allocates funds toward $XYZ token buybacks and burns, as well as prize pools and ecosystem growth. This structure creates a closed-loop model where product usage drives token demand, while circulating supply is reduced over time. By connecting live esports competition with on-chain mechanics, XYZVerse aims to align platform activity, token economics, and long-term ecosystem sustainability. More information about the presale and ecosystem is available at xyzverse.io Announcements on the TGE and exchange listings be found on official channels X (Twitter): @xyz_verse Telegram Community: https://t.me/xyzverse Disclaimer: This content is intended solely for informational purposes. It does not constitute legal, tax, investment, financial, or any other form of professional advice.

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