The 2nd XCB Burn Report

Crypto Birds Platform
1 min readMar 14, 2022

We have burned 332,666.66 XCB

The second series of XCB token burns of 332,666.66 XCB has been completed. About 300% more than the previous series of burns.

Burn Details

· Platform remnant 2nd month 58,333.33333 Transaction

· Platform remnant 3rd month 104,000 Transaction

· Qredo Contest 170333,3333 Transaction

We will continue to carry out periodic burnings, to value the token.

Total XCB Tokens Burned

A total of 465,833.32 XCB have been burned so far, adding all the burns.

Burning mechanisms

Some of the burning mechanisms that will reduce supply and help value the token:

· Companies wishing to sponsor one of our virtual portfolio contests will be required to purchase several tokens and burn them.

· If the maximum allocation quota is not reached in the predefined number of tokens distributed by the platform monthly, they will be burned.

· If a user with an allocation of tokens does not claim them within three months, they will be burned.

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