shows Total Supply as 1,408,900,141
Yes, Ocean Protocol has burned approximately 1.4 million tokens so far. You can view the transactions for the burned tokens at this link: https://etherscan.io/token/0x967da4048cd07ab37855c090aaf366e4ce1b9f48?a=0x000000000000000000000000000000000000dead. As of September 2023, the total supply is fixed at 1.41 billion tokens [FAQ]. Generated using AwesomeQA AI. Please rate this answer.
Currently, we have a buy-and-burn mechanism in Ocean Protocol works by using a portion of the revenue generated within the ecosystem to buy back OCEAN tokens from the market and then permanently remove them from circulation by burning them. This process is designed to reduce the supply of OCEAN tokens over time, potentially increasing their value.
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