The encryption asset trading platform Websea announced the destruction of 57 million Platform Tokens WBS.

2025-12-23 07:07:24

Abstract generation in progress

According to BlockBeats news on December 23, the cryptocurrency trading platform Websea has officially completed a one-time on-chain destruction of 57,000,000 WBS. This destruction comes from all the tokens released in the current on-chain lock-up contract, corresponding to a release share of 19% of the initial total locked amount, which has now been executed for permanent destruction. After the destruction, the total supply of WBS has decreased from 300 million to 167 million, and in the future, it will continue to repurchase and destroy according to the established deflationary mechanism, ultimately converging the total amount to 100 million coins. With the deep expansion of the Websea ecosystem and the implementation of the Yungying Fund's deflation model, the platform chooses to enhance the long-term value of WBS in a more certain manner. This consumption has changed the supply structure, strengthened scarcity expectations, and allowed the market to have new imaginative space for the future growth curve of WBS.

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