Ithaca Protocol Burns 100M Tokens
Ithaca Protocol Burns 100M Tokens
๐ฅ 100M Tokens Gone Forever
Ithaca Protocol has permanently removed 100,000,000 $ITHACA tokens, representing 10% of the total supply. The token burn was executed through a BSC transaction, demonstrating the protocol's commitment to reducing circulating supply.
- Transaction verified on BSCScan
- 10% of total supply permanently removed
- Part of ongoing token optimization strategy
This follows a trend of strategic token burns in the DeFi space, aimed at optimizing token economics.
๐๐ซ๐จ๐ฆ๐ข๐ฌ๐๐ฌ ๐๐๐๐, ๐๐ซ๐จ๐ฆ๐ข๐ฌ๐๐ฌ ๐๐๐ฉ๐ญ We ๐๐ฎ๐ซ๐ง๐๐ 100,000,000 $ITHACA 10% of supply; Permanently removed Transaction Hash bscscan.com/tx/0xaa543c0a5โฆ
Ithaca Protocol Market Update - June 21, 2025
**Market Highlights:** - Diversified trading strategies showing strongest performance since 2008 - Supreme Court ruling favors Trump on tariff powers - SPX skew reaches levels last seen during post-December FOMC and August BoJ events - Fed's Waller hints at potential July rate cut - Retail and corporate buyers remain active, with systematic traders expected next week **Key Context:** - $STRATOS launch showing early success with 20% APY - Recent 100M $ITHACA token burn completed - Platform expanding with new features including 1-minute options and TokenRacer - Market conditions appear favorable but crypto performance lags expectations *Pre-EthCC momentum building as market participants watch for potential upside.*
Ithaca Protocol Announces Major Token Reset and Extended Vesting
Ithaca Protocol has announced a significant tokenomics update, burning 100M $ITHACA tokens (10% of total supply). The burn targets: - Unused LP incentives - Expired launch giveaways - Nonperforming partner allocations **Key Updates:** - Team and investors extending token lockup - Investor vesting starts in 12 months - Team vesting starts in 16 months Recent protocol developments include: - 1-minute options launch - [Tokenracer](https://www.tokenracer.io) platform - AI Agent Infrastructure with $STRATOS integration - [Non-custodial options platform](https://app.ithacaprotocol.io) Burn transaction details will be published tomorrow.
Options Trading on Ithaca Protocol: Put Spread Strategy Analysis
Ithaca Protocol offers a put spread trading strategy for ETH with current reference price at 2537. The strategy involves: - Selling 2.05x 2600/2400 put spreads (June 20 expiry) - 1 delta provides 1 ETH exposure - Receive $151.50 - Gross collateral: $410 (2.05x200) - Achieves ~10x leverage The protocol's matching engine facilitates ITM option liquidity through replication, making it efficient for such trades. Traders can execute put spreads through their dynamic option strategies interface at [app.ithacaprotocol.io](https://app.ithacaprotocol.io/trading/dynamic-option-strategies).
Stratos AI Option Trading Platform Launches on Virtuals Genesis
Stratos, an AI-powered options trading platform built on Ithaca Protocol, is launching its TGE on June 15th at 1pm UTC via Virtuals Genesis. Key features: - Hedge-fund grade automated trading strategies - MEV-resistant auction-based matching - Recently audited by HashLock - Backed by Wintermute, Cumberland, and other major firms The platform offers: - Automated risk management - On-chain performance tracking - No minimum investment requirements - Self-optimizing AI trading agents Users can view live performance metrics at [Ithaca Agents Dashboard](app.ithacaprotocol.io/agents) and participate in the genesis event at [Virtuals Genesis](app.virtuals.io/geneses/3466/project-details).