Fideum has cleared up confusion surrounding its token burn process. The team reaffirmed its plan to reduce the circulating supply to 4 billion tokens.
The burn comes after the closure of Fideum’s BNB and TRX bridges. These closures caused delays, late transactions, and access issues for many users. As a result, Fideum received a high volume of support requests.
To address this, the team adopted a phased burn strategy. This approach ensures users are not adversely affected during the process.
Token Burn Timeline
Fideum confirmed its plan to burn 6 billion tokens in phases. Each burn will remove 2 billion tokens from circulation. The burns will happen on the 21st of each month until the total supply reaches 4 billion.
The next burn, scheduled for the 21st, will permanently remove 2 billion tokens.
Clearer Communication and Support
Fideum acknowledged that earlier communication lacked clarity. To fix this, they expanded their team with a new community manager. This step aims to improve updates and ensure timely information for users.
“We are committed to reducing the circulating supply by burning the remaining 6 billion tokens,” the team stated.
Fideum remains focused on balancing transparency, user support, and its token supply goals. The phased burns will continue as planned.
