Mettitech Group Holdings Announces Significant Decision: Burning 10 Million OFT Tokens for Christmas and New Year 2025

In celebration of Christmas and the upcoming New Year 2025, Mettitech Group Holdings, with its strong strategic vision and promising development plans, is pleased to announce an important update regarding the future of ONFA FINTECH. This is a pivotal decision aimed at reinforcing and enhancing the sustainable value of the ONFA ecosystem in the years to come.

Burning 10 Million OFT: A Strategic Move by the Group

On January 1, 2025, to mark the birthday of the Group's Chairman, Mettitech Group Holdings will burn 10 million OFT (ONFA Tokens). This important decision follows thorough research and evaluation of the positive impact that reducing the number of tokens in circulation will have on the value of the entire ONFA ecosystem.

The token burn will take place as part of our global expansion strategy and ongoing negotiations with strategic partners. It represents a major milestone not only in the development journey of ONFA but also in the long-term strategy of Mettitech Group Holdings.

10 Million OFT to Be Burned: Valued at 15-17 Million USD

The 10 million OFT to be burned have accumulated from past Swap activities in the ONFA wallet. When the Swap system allowed the exchange of OFT tokens, the Group retained all OFT tokens from these transactions. Additionally, the total transaction fees, including Gas fees, collected from past Swap activities will be included in this burn event.

At the time of the Swap transactions, the total value of 10 million OFT ranged between 15-17 million USD. This is a significant value, and burning these tokens is not only a strategic move but also a clear affirmation of the Group's commitment to maintaining the stability and sustainable growth of the ONFA ecosystem.

Ongoing Strategy: Burning 1 Million OFT Every Month

The burning of 10 million OFT on January 1, 2025, will not be the end of the process. The Group will continue to implement a strategy of burning 1 million OFT per month over the next year. These tokens will be burned from activities such as Lottery, Gas fees, and other ongoing support programs. The goal is to create a stable market environment and continue fostering sustainable growth for the ONFA ecosystem.

Benefits of Token Burning

Token burning is a crucial strategy in the cryptocurrency space. It not only helps reduce inflation but also increases the scarcity of tokens, thereby boosting long-term value. Here are the key benefits of token burning:

1. Increase in Token Value: When the total supply of tokens is reduced, each OFT becomes more valuable. This not only enhances community confidence but also motivates investors to hold their positions and avoid short-term sell-offs.

2. Market Stability: Token burning helps stabilize the market by reducing sudden price fluctuations and creating a solid foundation for ONFA’s future development.

3. Sustainable Growth for the Project: Sustainable development is a key factor in the success of any cryptocurrency project. Adjusting supply and demand through token burning helps ONFA maintain stable growth, thus building trust and credibility within the community and among partners.

4. Encouraging Community Participation: Token burning not only benefits investors but also encourages the ONFA community to continue participating in activities and events, thereby maintaining the dynamism and long-term development of the entire ecosystem.

Long-Term Commitment to Stable Development

Mettitech Group Holdings greatly values the ongoing support and partnership of our customers, partners, and the ONFA community throughout this journey. Strategic actions like token burning demonstrate our commitment to the long-term, stable growth of ONFA and to delivering real value to our community.

We hope that with this decision, ONFA will continue to grow strongly in 2025, achieving significant milestones and solidifying its position as a leading entity in the global cryptocurrency space.