PANews reported on September 4th that MEET48, the world's first AIUGC and fan economy ecosystem dedicated to the entertainment sector, announced the completion of the destruction of 23,472,000 IDOL tokens, representing approximately 0.489% of the total IDOL token supply and 30% of the total votes cast in the 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA). The hash transferred to the black hole address is: 0x048070c7a8b36150ce33b75ade00af8d00c0d2335ef6b402bc72a722d83c833e.

At the same time, MEET48 also completed the repurchase of 169,920,000 IDOL tokens, accounting for approximately 3.54% of the total supply of IDOL tokens, and announced the repurchase addresses: 0x23787C1ca6fe2db73740f70b13c6dEF80c1c8521 and 0x5A1d78Bb15E074A085379FBcBAF959CfA7660E50.

MEET48 was previously shortlisted for BNB Chain's 2025 Rising Star Award and was named one of Binance Wallet's Alpha Focus Top 10 Rise Tokens this past week. This IDOL burn and buyback program aims to reduce the overall supply, increase token value, and further strengthen the MEET48 community. As an innovative pioneer in the Web3 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI.