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"Four.meme Burns 100% of LP Revenue TST Tokens, Boosting Value Amidst CZ's Endorsement"

Coin WorldFriday, Feb 7, 2025 4:50 am ET

1min read

Four.meme, a decentralized platform for creating and trading meme tokens, has made headlines by announcing the burning of 100% of the liquidity provider (LP) revenue received in TST tokens. This move, aimed at reducing the circulation supply of TST tokens, has sparked interest in the cryptocurrency community.

Prior to this announcement, Binance founder CZ shared a tutorial video on Platform X, demonstrating how to issue Meme tokens on the Four.meme platform using TST as an example. This tweet from CZ quickly gained traction, causing TST's market value to soar to over $40 million.

In response to the growing popularity of TST, Four.meme decided to burn all TST tokens obtained from LP revenue. The tokens were sent to a black hole address, effectively removing them from circulation. This action is expected to enhance the long-term value of the TST token by reducing its supply.

The burning of TST tokens by Four.meme is a significant event in the cryptocurrency world, as it demonstrates the platform's commitment to creating value for its users. As the cryptocurrency market continues to evolve, it will be interesting to see how other platforms respond to this move and whether it sets a precedent for similar actions in the future.

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