Web3 gaming platform Creo Engine destroys 20% of the total token supply to promote long-term development.

Creo Engine conducted its third token burn on May 16th, which accounted for 20% of the total token supply. A total of 200 million $CERO tokens were burned, with a market value of nearly $20 million.

Creo Engine is committed to connecting the world and providing players with a one-stop game center, enhancing the Web3 gaming experience.

Creo Engine was launched in 2022 and is a high-quality project that has persisted through the bear market, continued to work and update.

Burn Details

Total tokens burned: 200,000,000 $CREO

Total value of burned tokens: nearly $20,000,000 (May 2024)

New total supply: reduced from 988 million to 788 million $CREO

Circulating supply: approximately 290 million CREO in circulation.

Burn TX:

https://bscscan.com/tx/0xece55c3a7283bdd9648ba785ffc3dc1249eea910eb0dfd8c7f9bbbe6ca7985b1

Token Overview

In the initial design, the total supply of $CREO was 1 billion, but after three burns, the total supply is now only 788 million.

The project team allocated 10% of the total token supply, locked until June 2025. Currently, the circulating supply of $CORE is around 290 million, with a market value of $26 million.

The overall token economy, circulating supply, and market value are all very healthy! The deflation of $CREO will also lay a good foundation for the long-term development of the project.

Long-term Impact of Deflation

$CREO has performed beyond expectations in terms of trading volume, NFT transactions and purchases, subscriptions, and other business areas.

The project's profitability is strong enough to support long-term operation, and the official decision to reduce the total token supply is a way to give back to $CORE holders and promote long-term development.

The reduced total supply makes $CORE more scarce. After the burn, the total supply of $CORE is only 788 million, increasing the willingness of holders to hold for the long term. This has a positive impact on the value of the token.
Rarity drives up market value. With the decrease in available tokens, each remaining token may have more value, benefiting all token holders.
Maintaining a healthy token economy and laying the foundation for long-term operation. This demonstrates the project team's commitment to a healthy token economy, enhancing the community and investors' confidence in the long-term vision and stability of CORE.

Project Progress

In March, Creo Engine also launched an AI engine roadmap, introducing AI to the platform.

Developed the ETH Bridge to expand liquidity and influence in the ecosystem.

Launched a wallet based on WhatsApp in collaboration with Xellar.

Integrated high-quality games ARCADE FEST and VeraViews.

The official team has done a lot for the development of the project and the maintenance of a healthy token economy.

You can follow the official X account of the project @creo_engine for more updates in the future!

Other Channels:

Official website: https://www.creoengine.com/

Discord: https://discord.gg/CreoEngine

Telegram: https://t.me/CreoEngineEN

Creo Whitepaper: