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The Morph Foundation has burned 220 million BGB and locked 220 million BGB in an independent address of the foundation

Sep 04, 2025 21:37:10

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ChainCatcher news, the Morph Foundation has announced the permanent destruction of 220,000,000 BGB, all recorded on-chain.

At the same time, another 220 million BGB has been locked in an independent address of the Morph Foundation, with 2% unlocking each month over the next 50 months. The Morph Foundation will transfer BGB from the Ethereum chain to the Morph chain.

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