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

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.