Nabox Announces Major Token Burn Initiative
Nabox has announced plans to burn 500 billion $NABOX tokens, aiming to reduce total supply by 79% to 210B tokens. The initiative includes new burning mechanisms:
- 50% of Nabox ID registration fees will be burned
- 50% of SwapBox transaction fees will be burned
- Additional burns planned as operations allow
Nabox, backed by OKX Ventures and K300, serves 500,000+ active users across Southeast Asia and Europe. Their ecosystem includes:
- Multi-chain Web3 wallet supporting 100+ blockchains
- SwapBox cross-chain aggregator
- Nabox ID platform
- PayBox payment system
[Learn more about the burn plan](https://naboxwallet.medium.com/nabox-to-burn-500-billion-nabox-tokens-a8e3982786c5)