The 2nd XCB Burn Report
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.