Giggle Academy announced that it will burn 50% of the Token received from the Giggle Fund, causing the price $GIGGLE to jump more than 30%
On November 4, CZ (Changpeng Zhao) – founder of Binance – just confirmed on the X platform (Twitter) that Giggle Academy will burn 50% of the Giggle Fund Token ($GIGGLE) that the organization received from the Giggle Fund Token fund. This move is XEM a strong step to increase transparency and sustainability for the non-profit educational project Giggle Academy – an initiative that CZ is especially supportive of after leaving his executive position at Binance.
According to information Chia by CZ, the Giggle Fund Token smart contract will transfer BNB directly to Giggle Academy's public donation address. In addition, the transaction fees that Binance plans to contribute will be paid in Giggle Fund Token , of which 50 % will be burned permanently and the rest will be converted to BNB to serve the learning activities, infrastructure development and maintenance of Giggle Academy's free learning ecosystem.
After the information was announced, the Token price $GIGGLE skyrocketed more than 30% in just a few hours, reflecting the excitement of the investor community and CZ supporters. Many believe that this " Token burn" policy not only helps reduce supply but also creates more confidence in the long-term value of the Giggle Fund project - which was built with the goal of supporting free global education through blockchain technology.
Notably, CZ also emphasized that Giggle Academy will not pursue profits but will focus on educating digital, financial, and blockchain skills for children around the world. In many recent statements, he expressed his desire to turn Giggle Academy into a “decentralized school of the future” where all children can study for free, regardless of country or circumstances.
Previously, GIGGLE suddenly lost up to 40% of its value after Binance CEO, Changpeng Zhao (CZ), officially denied the connection between this Token and the Giggle Academy project.
