Sensorium Executes Largest Token Burning Ever; $10B Worth of SENSO Burned As The Digital Metaverse Approaches Public Launch

Sensorium Corporation is reducing the existing supply of SENSO — the in-platform token of its digital metaverse Sensorium Galaxy. Today, the company burned 4.2 billion SENSO or 70% of its minted token supply. While token burnings are a common practice in the industry, this one in particular stands out for its dollar value of over $10 billion. On April 30, 2021, SENSO traded above $2.3 per unit. Since the start of the year, the price of SENSO has risen 5X as the entertainment-focused metaverse approaches a long-awaited public launch scheduled for the third quarter. In a recent blog post, the Sensorium team announced that this unprecedented token burn is justified by the suspension of SENSO’s public sale. Back in 2019, the company had generated 7.6 billion tokens with the idea of hosting both private and public sales. With the private sale supplying enough funds for Sensorium Galaxy’s development, the project…

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