Uniswap founder burns $650B HayCoin towards hypothesis

founder Hayden Adams burned 99% of the HayCoin (HAY) provide on Oct. 20, in response to an announcement on X (previously Twitter). Nearly all of the tokens have been faraway from circulation as a consequence of Adams’ considerations about value 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 check liquidity pool with a tiny fraction of the overall provide and saved over 99.9% of HAY tokens in his pockets. Just some weeks in the past, the token was buying and selling like a memecoin within the six-figure vary:

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