Archethic blockchain has become the first project to burn 90% of its total token supply within just 6 months of its Mainnet Beta launch.
<h2>Archethic Blockchain Burned 90% of their Total Token Supply</h2>
According to an announcement release, Archethic has burned 90% of its total token supply within just 6 months of the launch of its Mainnet Beta. 

With an initial $ UCO token supply of 10 billion, the new blockchain platform is left with 1 billion $ UCO tokens post-burn, which have been redistributed to ensure a deflationary tokenomic model.

<a href="https://www.cryptoknowmics.com/news/the-long-term-bitcoin-solution-of-terawulf-is-attracting-a-list-investors/">Cryptocurrencies</a> such as Bitcoin have a permanently limited supply and are deflationary by nature. The new tokenomics for Archethic ensures a controlled average annual inflation rate of 10.93% until 2030, after which inflation will be reduced to just 0.5% until the year 2080. After this, no more tokens will be made available.

There are already more than 25,000 holders of the native UCO token. By next year, there will be the full deployment of the Archethic network which will allow ERC-20 tokens to be moved to Archethic.

Archethic CEO Sebastien Dupont said:
<blockquote>“Our commitment, first and foremost, is to the self-sustenance of our network without compromising trust. We have big goals of seeing this blockchain being real-world use, and we won't risk anything which might compromise that. ”</blockquote>
https://twitter.com/PowerHasheur/status/1468647678397620233
<h2>Handling Up to 1 Million Transactions Per Second</h2>
Archethic blockchain is a highly scalable blockchain platform capable of up to 1 million transactions per second. The platform is capable of handling the current mining power of the Bitcoin network while consuming 3.6 billion times less energy.

Besides being very programmer-friendly, cheap to use, the blockchain platform is ideal for use in <a href="https://www.cryptoknowmics.com/news/peter-molyneux-is-back-with-blockchain-based-business-sim-with-nfts/">NFT</a>, communication, identity verification, and other common applications. It also enables streamlined biometric Decentralized ID (DID) smart contracts authenticated by fingerprint recognition.

Archethic Becomes First Blockchain Project to Burn 90% of their Total Token Supply Within 6 Months

Archethic blockchain has become the first platform to burn 90% of their total token supply within just 6 months of their Mainnet Beta launch.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Archethic Becomes First Blockchain Project to Burn 90% of their Total Token Supply Within 6 Months

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