Hey Jump.trade fam,

We’re super excited to announce the burn event of Meta Cricket League NFTs worth $10,000.

The Jump.trade(Guardianlink) bought these MCL NFTs randomly from the marketplace, thereby removing them from circulation or trading in the future.

A total of 586 MCL Player NFTs (Rookie and Rare categories) will be sent to the Polygon burn wallet address [https://polygonscan.com/address/0x0000000000000000000000000000000000000000]

Scroll down for more details 👇

– Total number of Rookie MCL Player NFTs burned = 478
– Total number of Rare MCL Player NFTs burned = 108

Why is Jump.trade burning NFTs?
As you may know, burning tokens in the crypto space is a regular practice and you may have observed that a lot of exchanges do it from time to time. This periodic burning ensures a healthy balance between demand and supply.

Jump.trade strives to make the marketplace more active by positively impacting the demand. This move is expected to improve the overall health of trades in the marketplace.

What are the benefits of burning NFTs?
Enhanced Scarcity — The burning of NFTs introduces an element of scarcity. The reduced supply of NFTs means that the demand increases. This would also mean that the owners of the MCL NFTs are more exclusive than they were before the burn.

Cheers!
Team Jump.trade

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.