Step Finance Burns Additional 12.5 Million Tokens Under New Plan

According to Odaily, Step Finance has reportedly burned an additional 12.5 million STEP tokens under its new 'STEP SUMMER BURN' initiative. This recent burn brings the total number of STEP tokens destroyed to date to 37.5 million. The company's new initiative aims to regulate the supply of STEP tokens in the market, although the specific details of the plan have not been disclosed. This is not the first time Step Finance has burned its tokens. The company has a history of token burns as part of its strategy to manage the token's value and supply. The recent burn indicates the company's continued commitment to this strategy. The impact of this burn on the overall market and the value of STEP tokens remains to be seen.