Koindex will completely halt mining and implement a Staking function with the aim of increasing the value of KOIN. Simultaneously, we will conduct a burning of the KOIN supply.
We will burn 85% of the total KOIN supply. Initially, we planned to issue 10 billion KOIN, but with this Burning, the issued supply will now be 1.5 billion KOIN.
By implementing this measure, the only way to obtain KOIN in the future is through Staking KOIN rewards or by purchasing it from the trade board. As the total supply is decreased, that should keep the KOIN supply/demand dynamic in check.
Burn Date: 12/9/2020
Koindex will take all necessary measures to provide continuous benefits to KOIN holders.
Thank you for your support.