We are pleased to announce that 85% of the total supply of KOIN including unissued has been burned for the purpose of increasing the value of KOIN, which was announced the other day.
By burning 85% of the total KOIN supply, the initially planned 10 billion KOIN supply will now be less than 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 10:05 UTC
Burned Amount: 8,500,000,000 KOIN
Updated Total Supply: 1,499,119,561.774023231 KOIN
* Reflection of burned tokens may take several days on Etherscan.
Koindex will take all necessary measures to provide continuous benefits to KOIN holders.
Thank you for your support.