$ELIX boosts more than 11% after Announcing $ELIX Staking, Token Burn

$ELIX, native utility & governance token of the Elixir Games platform, is up over 11% in the past 24hours, & now trades around $0.018627, with inflow of $303.46k, as per Gate.io chart.
This comes after Elixir Games recently announced its long-awaited $ELIX staking on Elixir Launcher. The platform also announced it will Burn $260,179.32 worth of $ELIX tokens, as part of the Staking platform launch. The strategic move will permanently reduce the team’s token allocation, increasing scarcity vote on the Elixir Games DAO.