TiFi Advances Web3 Commerce with Significant Token Burn

On March 1, 2024, TiFi, a notable figure in the Web3 e-commerce domain, has significantly reduced its token supply by burning 145.6 trillion tokens, equivalent to $4.3 million. This reduction accounts for 15% of its total token supply, marking a pivotal stride towards enhancing the stability of its ecosystem. This action is part of TiFi’s broader strategy to solidify its position in decentralized commerce.

Since announcing its burning plans in mid-February, TiFi has seen an increase in investor interest. The token's value surged by 69% following the announcement, coupled with a 14% increase in social media followers. Apart from the token burn, TiFi has engaged in strategic collaborations, including locking tokens with BabyDoge and completing a DeFi token bond sale.

TiFi is set to continue its expansion with a forthcoming listing on a Centralized Exchange (CEX) in March. In its endeavor to innovate, TiFi showcased the beta version of its decentralized e-commerce platform, TiFi Allverse, utilizing cutting-edge technologies for a seamless real-world product exchange. Furthermore, through a partnership with SupraOracles, TiFi ensures reliable token price feeds, enhancing the integrity of its DeFi ecosystem.