$MT Token Buyback & Burn Program Starts Today
$MT, the platform token of Mint Club, launched on March 6, 2025, to drive platform growth and ecosystem expansion. One of the key utilities designed to support this goal is the Buyback & Burn Program, powered by protocol revenue.
Mint Club has led the parent-child token market since 2021, with 13,573 tokens and 21,578 NFTs created across 17+ EVM chains to date. In particular, the ERC1155-based parent-child NFT system has become a prominent use case in the ecosystem.
Starting today, the Buyback & Burn program will operate as follows:
Protocol revenue from all supported chains will be used to purchase $MT on Base via the Mint Club protocol.
The purchased $MT will be burned immediately.
Buyback and burn transactions will be executed occasionally based on market conditions.
You can track all buyback and burn activity here: https://mint.club/burnstats
Note: The previous platform token, $MINT on BNB Chain, is no longer in use. If you still hold $MINT or its old platform tokens on BNB Chain, you must migrate them to $MT on Base before June 5, 2025, 00:00 UTC via: https://mint.club/migrate