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Step Finance Burns 50M $STEP Tokens

  • Step Finance, a key player in the Solana ecosystem, has announced plans to burn 192 million $STEP tokens.
  • Tokens will be burned from Step Finance's unused community reserve and bought back using the platform's revenue.
  • The aim of the burn is to increase the scarcity of $STEP tokens and reduce its Fully Diluted Valuation (FDV).
  • Token burns help control supply, enhance value, and benefit investors and users of the platform.

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