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MEET48 has completed the burning of 23.47 million IDOL tokens and the buyback of 169.92 million IDOL tokens, further strengthening community empowerment.
BlockBeats News, September 4th, the world's first AIUGC focusing on the entertainment sector and the fan economy ecosystem community MEET48 announced the completion of the burning of 23,472,000 IDOL tokens, accounting for approximately 0.489% of the total IDOL token supply and 30% of the total votes in the first Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). The hash of the transaction to the black hole address was revealed: 0x048070c7a8b36150ce33b75ade00af8d00c0d2335ef6b402bc72a722d83c833e.
At the same time, MEET48 also completed a buyback of 169,920,000 IDOL tokens, approximately 3.54% of the total IDOL token supply, and disclosed the buyback addresses: 0x23787C1ca6fe2db73740f70b13c6dEF80c1c8521 and 0x5A1d78Bb15E074A085379FBcBAF959CfA7660E50.
Previously, MEET48 was nominated for the BNB Chain 2025 Annual Award Rising Star and was among the Top 10 Rise Tokens in Binance Wallet's Alpha Focus in the past week. The IDOL burning and buyback plan aims to reduce the overall token supply, enhance token value, and further strengthen MEET48's community power. As an innovative pioneer in the Web3 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI.
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