SAN FRANCISCO, CA – 08/03/2024 – (SeaPRwire) – In an unprecedented move within the Web3 space, TiFi, a trailblazer in decentralized e-commerce, has made a significant impact by annihilating 145.6 trillion of its tokens. This bold action, executed on March 1, 2024, effectively removed $4.3 million worth of tokens from circulation, a decision aimed at bolstering the stability and integrity of the TiFi ecosystem. As TiFi continues to carve its niche in the decentralized e-commerce industry, this token burn marks a pivotal moment, underlining the company’s dedication to its long-term vision and its users’ trust.
TiFi’s Strategic Token Burn: A Leap Towards Ecosystem Stability
In a strategic maneuver designed to fortify its market position, TiFi has decisively burnt a monumental 145.6 trillion tokens, translating to a staggering market value of over $4.3 million. This move is not just about numbers; it’s a testament to TiFi’s unwavering commitment to ensuring the health and longevity of its ecosystem. By reducing the total supply by 15%, TiFi sends a clear message about its proactive approach to managing inflation risks and fostering investor confidence.
Cumulative Efforts to Secure the Ecosystem
TiFi’s journey to this monumental token burn has been strategic and thoughtful. To date, the company has manually eliminated 188.6 trillion tokens from existence, an endeavor valued at $5.5 million. These efforts are crucial for securing the investment landscape by mitigating inflation risks and solidifying the community’s trust in TiFi’s future.
Growing Investor Interest and Market Impact
The announcement of the massive token burn in mid-February has ignited increased investor interest in TiFi. This heightened attention is evidenced by a 14% growth in followers on TiFi’s Twitter account and a remarkable 69% surge in token price post-announcement. Such metrics underscore the market’s positive reception to TiFi’s strategic decisions and its growing footprint in the decentralized finance landscape.
Strategic Partnerships and Technological Innovations
Beyond token burning, TiFi’s strategic partnership with BabyDoge to lock 70 trillion tokens worth $2.1 million exemplifies its commitment to innovation and security. The successful completion of the DeFi token bond sale this month further cements TiFi’s status as a pioneer in the space. Anticipation is building around the upcoming CEX listing of TiFi Token in March, promising to broaden TiFi’s reach and accessibility.
On the technological front, TiFi continues to push boundaries. The unveiling of the first demo video of TiFi Allverse on February 28 marks a significant milestone. This beta version of a decentralized e-commerce platform showcases the seamless exchange of on-chain assets with real-world products, leveraging cutting-edge solutions from Binance such as Greenfield and opBNB.
Empowering E-commerce with Oracle Networks
In a strategic collaboration with SupraOracles, TiFi has enabled price feeds for TiFi Token on oracle networks, enhancing transparency and security. Sourcing data from five different exchanges, this initiative provides manipulation-resistant services vital for supporting TiFi Bank and the broader TiFi Allverse ecosystem.
About TiFi
Embarking on a mission to redefine e-commerce through blockchain, TiFi stands as a beacon of innovation in Silicon Valley. Since its inception in 2022, TiFi has rapidly ascended as a formidable force in the blockchain and cryptocurrency realms. Its pioneering e-commerce platform empowers users to navigate the intersection of the metaverse and the real world, facilitated by the unique Stateful Universal Token (SUT). As TiFi forges ahead, it continues to unlock new possibilities for commerce, setting a new standard for the industry.
Contact Information:
Company: TiFi
Address: 440 N Wolfe Road, Sunnyvale, California, 94085
Website: https://tifi.net
Contact Information
Samuel Zhou
Founder
6503509919
SOURCE: TiFi
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