Blog / Happy New Year 2024: Adbit Platform Evolution with Quarterly Token Burns

Happy New Year 2024: Adbit Platform Evolution with Quarterly Token Burns

January 7, 2024


As we step into the fresh beginnings of 2024, we at Adbit are filled with excitement and anticipation. The cryptocurrency industry is on the cusp of significant milestones with ETF approvals, the much-anticipated Bitcoin halving, and a myriad of other developments that could potentially catapult Bitcoin's value to the $100K mark. It's an exhilarating time for blockchain, Web3, and cryptocurrency enthusiasts, and we are thrilled to be a part of this revolution.

Our mission at Adbit is to capitalize on these transformative times by offering our advertising and marketing services to burgeoning crypto projects and businesses, aiding in their growth trajectory. We also remain committed to empowering our community, providing earning opportunities to publishers and contributors through our platform.

We are proud to showcase our ADBITS token, an integral component of our ecosystem that drives our advertising network and rewards system. The journey to success is a marathon, not a sprint, and we are geared up for the long haul to make the most of the burgeoning opportunities in the crypto space.

Platform Updates and Content Strategy

Our team at Adbit is actively working on enhancing our design and branding, with a focus on ramping up content production and social media engagement. Growing our reach is imperative to attracting more publishers and advertisers to our network, and we're grateful for your patience as these updates are implemented.

We're also exploring innovative ways to expand our services beyond website banner ads, and we're making strides in improving our platform's analytics and usability for both advertisers and publishers. There's much to look forward to in the coming months!

ADBITS Token Developments and Quarterly Token Burn

On the ADBITS token front, we are progressing with the development of bridging and staking solutions, and you can expect further advancements in line with our roadmap.

In exciting news for our token economy, we are introducing a "Quarterly Token Burn" protocol. Every three months, we will burn all ADBITS tokens redeemed on the platform for ad credits and services. This is a strategic move to enhance our tokenomics and will gain prominence as we scale.

We're delighted to report that our publisher base is nearing 200 active members, with a robust cycle of earning and token redemption contributing to a thriving Adbit ecosystem.

Our inaugural token burn has successfully executed, with 141,773 ADBITS removed from circulation.

You can view the transaction here: https://polygonscan.com/tx/0x163d0b5e7d68f291445d10696b6c8d7babee01252098a1c02382457b29fefa0d

Our token burn policy is directed by the chain with the highest number of unique holders, and we've conducted our first burn on the Polygon network. We eagerly anticipate the next token burn scheduled for April 2024 and are curious to see how many tokens will be redeemed by then.

Looking Ahead

As we forge ahead into 2024, stay connected with us for more updates. Our resolve is stronger than ever to build a robust platform that serves our community and the wider crypto ecosystem. Here's to a year of growth, innovation, and prosperity for everyone involved with Adbit.

Keep an eye on our channels for upcoming announcements and developments. Together, let's make 2024 a landmark year for ADBITS and the world of cryptocurrency advertising.

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