The 5th Burn Report: +1.5 million XCB Burnt 🔥

1 min readApr 11, 2023

We have already burned more than 1.5 million XCBs

The fifth set of XCB token burns has been completed for a total of 579.668,33 XCB.

Burn Details

- Platform remnant 11th month 79666,66

- Platform remnant 12th month 100000,33

- Platform remnant 13th month 100000,33

- Platform remnant 14th month 100000,33

- Platform remnant 15th month 100000,33

- Platform remnant 16th month 100000,33

We will continue to perform periodic burns, to valorize the token.

A total of 1.660.307,32 XCB tokens have been burned so far, adding up all those burned.

Total Supply: 48,339,692.68

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

- Companies wishing to sponsor one of our virtual wallet contests must purchase multiple tokens and burn them.

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

- If a user with token allocation does not claim them within three months, they will be burned.