The 6th Burn Report: +2.3 million XCB Burnt 🔥

1 min readDec 7, 2023

We have already burned more than 2.3 million XCBs

The sixth set of XCB token burns has been completed for a total of 708.333,99 XCB.

Burn Details

- Platform remnant 17th month 100000

- Platform remnant 18th month 100000,33

- Platform remnant 19th month 100000,33

- Platform remnant 20th month 100000

- Platform remnant 21th month 108333,33

- Platform remnant 22th month 100000

- Platform remnant 23th month 100000

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

A total of 2.368.641,32 XCB tokens have been burned so far, adding up all those burned.

Total supply 47.631.358,68 XCB

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.