SCB Token Burn Confirmed on Base Network In fresh Sinbad Network News shared on September 17, 2026, the SCB team confirmed a large token burn tied to its ongoing buyback plan. The post, publi
In fresh Sinbad Network News shared on September 17, 2026, the SCB team confirmed a large token burn tied to its ongoing buyback plan.
The post, published by the official Sinbad Base account on X, states that 100 million SCB will be permanently removed from circulation. This equals 10 percent of the original one billion token supply.
According to the announcement, the tokens set for removal were accumulated through buybacks funded directly by the project.
These holdings currently sit inside a dedicated Coinbase Wallet linked to the ecosystem. Once executed, that entire wallet balance will be destroyed, cutting the circulating figure to roughly 900 million.
This particular round of Sinbad Network News stands out because the removed tokens were already purchased from the open market rather than pulled from an unreleased treasury allocation. The project has also promised on-chain proof once the transaction is finalized, giving holders a way to independently confirm the updated total.
Source:Official X Post
Metric
Value
Original Supply
1,000,000,000 SCB
Amount Committed
100,000,000 SCB (10%)
Target Supply Afterward
900,000,000 SCB
Holding Wallet
Coinbase Wallet
Chain
Base
Primary Trading Venue
Uniswap v4
The removal covers both the stated 100 million commitment and any leftover balance sitting in the wallet.
SCB is described as a community-driven token built on Base.
Trading activity runs through a decentralized liquidity pool on Uniswap v4, with no centralized order book setting price.
The token remains fully circulating, meaning there is no locked or vesting allocation tied to this event.
The exact timestamp for the transaction will be shared in UTC ahead of time.
After the process finishes, the transaction hash and updated on-chain figure will be posted for public verification.
Supply-reduction events like this one draw attention because they directly change the total count available on the open market.
The ecosystem graphic paired with this Sinbad Network News update lists four connected pillars behind the project's growth plan: Uniswap for liquidity, Aerodrome for deeper market depth, the Base App for on-chain community reach, and an exchange listing for broader access.
Together, these pillars outline how the project positions its long-term roadmap beyond this single event.
For anyone tracking this directly on-chain, the address shared in the post is 0x5682A3bA66Eeb60e82D18865849b513ab9c9692D on Base.
Before interacting with the contract or trusting any related post, readers should keep these checks in mind:
Always cross-check any contract address against the official Sinbad Base account before interacting with it, since copycat tokens are common across fast-moving crypto communities.
Treat unofficial reposts with caution and rely only on verified sources when confirming wallet or contract details tied to this Sinbad Network News cycle.
As of the September 17, 2026 post, the announcement had already gathered more than six thousand views, reflecting strong community interest.
No exact date had been locked in at the time of writing, and the team indicated a specific UTC time would follow in a separate update once preparations are complete.
This event represents one part of a broader plan the project has been executing through repeated buybacks over recent months.
Source: X Post
Anyone following Sinbad Network News closely should watch for the confirmation post carrying the exact timestamp and the onchain transaction proof, since that data will be the final signal that the 900 million target has actually been reached and permanently locked out of circulation.
Token burns tend to draw more attention when they are tied to active buyback programs rather than simple treasury sweeps, since the reduction reflects real demand already pulled from circulating markets.
For holders watching this Sinbad Network News development, the next milestone is straightforward: a confirmed UTC timestamp followed by an on-chain transaction that can be checked against a block explorer once published.
Until that transaction lands, the 900 million figure remains a target rather than a finalized number. Readers should treat any unofficial screenshots or third-party summaries with caution and rely on the project's own account for the final confirmation before drawing conclusions about circulating supply.
YMYL Disclaimer:This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets, including tokens like SCB, carry significant risk, and burn events do not guarantee price movement or long-term value. Readers should verify all figures independently through official Sinbad Base channels and on-chain data before making any decisions and should consult a qualified financial advisor where needed.
