Rollbit burns more than 1.2% of its tokens

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Rollbit burns more than 1.2% of its tokens

The cryptocurrencies and trading platform Rollbit generated $38 million in revenue last month, burning more than 1.2% of the circulating supply of its RLB tokens on Monday in line with long-term plans for a buy and burn program.

At its highest, token prices rose by more than 8% before retreating to a more than 40% weekly gain.

tokens that are burned are permanently removed from supply by being sent to an address that is not controlled by anyone.