Uniswap founder burns $650B HayCoin towards hypothesis

founder Hayden Adams burned 99% of the HayCoin (HAY) provide on Oct. 20, in line with an announcement on X (previously Twitter). The vast majority of the tokens have been faraway from circulation on account of Adams’ issues about worth hypothesis over the earlier days.

Adams deployed the HAY token for testing 5 years in the past, earlier than the launch of the decentralized protocol Uniswap. He created a small take a look at liquidity pool with a tiny fraction of the entire provide and stored over 99.9% of HAY tokens in his pockets. Only a few weeks in the past, the token was buying and selling like a memecoin within the six-figure vary:

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