Infinitar $IGT Token Burn

The token burn involves removing 12.5% of the circulating $IGT supply, a step announced on July 24, 2025, via Infinitar’s official channels. The purpose? To enhance token value by reducing supply, a tactic backed by economic principles and past crypto trends—think of how burns have lifted projects like Binance Coin by 15-20% post-event. For Infinitar, this upgrade aims to accelerate ecosystem growth, rewarding players and investors while paving the way for a potential breakout. With $IGT tied to governance and in-game rewards, this could reshape how players engage. Risk note: Volatility may spike around the burn—do your own research before jumping in.

Recent News

Infinitar’s been on a roll. In mid-November 2024, the project secured $9 million in Series A funding, pushing its total raise to $11.9 million, co-led by Lam Group and AccelByte. This brought its valuation to $150 million, signaling strong investor confidence in its blockchain MOBA vision. The funds are fueling liquidity and development, setting the stage for this burn as a natural next step. Community chatter on X has been buzzing since the announcement, with users noting the project’s momentum.

Future Plans

Looking ahead, Infinitar’s roadmap hints at bigger things. The team plans to refine its play-to-earn model, integrating more NFT-based assets and cross-chain compatibility to rival giants like Axie Infinity. With the Web3 gaming market projected to hit $614 billion by 2030, Infinitar aims to lead by enhancing gameplay quality and scalability—key pain points in the sector. This burn is a stepping stone, aligning with long-term goals to empower players with ownership and governance.

Onchain Data

Exact $IGT metrics pre-burn aren’t fully public yet, but CoinGecko shows a 7.7% price increase over the last week, outpacing the broader market’s 2% gain. The token’s fully diluted valuation sits at $1.94 billion, with 400 million of a 1 billion total supply in circulation. Trading volume on BingX hit $673,820 in the past 24 hours, suggesting growing interest. More data will emerge post-burn, but these figures hint at a lively ecosystem.

Community Sentiment

X reactions have been largely positive. Users like David Pu and Fabric Selection have called the burn a “game-changer,” with some speculating a price breakout. Enthusiasm is tempered by cautious voices asking about long-term effects, but the overall vibe leans optimistic. Influencers haven’t weighed in heavily yet, though the lack of red flags from reputable analysts adds credibility.

Why It Matters

This burn positions Infinitar against competitors like Axie Infinity, where token burns have stabilized economies. With Web3 gaming maturing—revenue grew 300% since 2020 per Deloitte—Infinitar’s move could attract new players and investors. For enthusiasts, it’s a chance to join a project blending strategy gaming with crypto rewards, though timing your entry wisely is key.