Credefi marks 180 days of Module X with a strategic $CREDI token burn, boosting value for users and distributing $xCREDI rewards
Author: Chirag Sharma
Written On: Mon, 11 Nov 2024 20:01:54 GMT
Credefi a prominent decentralized finance (DeFi) platform bridging traditional finance with DeFi, has reached a major milestone. To mark the first 180 days since reopening its innovative Module X, Credefi has announced a strategic Credefi Token burn of $CREDI tokens. A total of 924,059 $CREDI tokens were permanently removed from circulation. This calculated burn aligns with Credefiâs ongoing deflationary strategy aimed at increasing the tokenâs value over time and supporting long-term ecosystem sustainability.
Credefiâs latest burn is a move designed to enhance value, promote ecosystem growth, and foster trust among its community members, known as Credefians. Users can verify this transaction through the provided Etherscan transaction ID, emphasizing Credefiâs commitment to transparency. This approach combines deflationary token mechanics with community incentives, allowing Credefians to directly benefit from value appreciation.
Following the token burn, Credefi has distributed $xCREDI rewards to its active community members. To claim rewards, users simply need to log in to app.credefi.io, access Module X from the dashboard, and click âGet Rewards.â This streamlined process reflects Credefiâs focus on user engagement and accessibility, making it easy for all participants to benefit.
To reward its community, Credefi is distributing $xCREDI rewards:
Built with a unique combination of decentralized and traditional finance principles, Credefi leverages real-world assets to offer predictable returns. This strategy is designed to:
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Ondo Finance to Launch GM Tokenized Assets
Strategy Announces $4.2B Stock Sale as Bitcoin Gains Reach $14B in Q2
BBVA Launches Retail Crypto Trading and Custody Services in Spain
LetsBonk Surpasses Pump.fun in Daily Revenue, Shakes Up Solana Memecoin Market
Ondo Finance to Launch GM Tokenized Assets
Strategy Announces $4.2B Stock Sale as Bitcoin Gains Reach $14B in Q2
BBVA Launches Retail Crypto Trading and Custody Services in Spain
LetsBonk Surpasses Pump.fun in Daily Revenue, Shakes Up Solana Memecoin Market