We’re thrilled to share another milestone in our journey to enhance the value of Leancoin for our community!
🔥 Achievement: On April 3, 2024, we successfully burned a remarkable 67,269,046 Leancoin, reducing the total supply from 7,337,190,115.83 to 7,269,921,069 Leancoin.
📉 Impact on Supply: This burn has decreased the total supply by approximately 0.917%, furthering our goal of increasing Leancoin’s scarcity and value for our holders.
📊 Overall Reduction: From the initial 10 billion Leancoin, we have now decreased the total supply to 7,269,921,069 Leancoin, which represents an overall reduction of 27.3%.
🔗 Transaction Details: For those interested in the specifics of this burn event, please visit the link: https://solscan.io/tx/wtGUtUvNczT8oyXuKbBJUSYx3WUeXqbB3PxgkjssfHWvahUpSUrzfLz4Teva2Ehweextf1F4cKM9xH9nz9J3Lhq
We are immensely grateful for the ongoing support of our community. Each burn event marks a step forward in our vision for Leancoin’s long-term value. Stay tuned for more updates as we continue our mission.
Following the recommendations of a Hacken audit, which scored Leancoin at 9.6 out of 10, the Burning Wallet is protected by a smart contract that prevents our team from accessing it. Therefore, any tokens moved to this wallet are effectively out of our control and are earmarked for regular incineration at a rate of 5% per month. Currently, the Burning Wallet contains upwards of 1.8 billion Leancoin, signaling our commitment to methodically reduce the total supply to under 6 billion Leancoin. The address for the Burning Wallet is as follows:
Leancoin’s commitment to reducing the total token supply underscores our dedication to enhancing token value for our holders. The latest burning event is a testament to our ongoing efforts to ensure Leancoin’s stability and growth.
These strategic burns are crucial in our roadmap towards a more valuable and robust Leancoin ecosystem. We thank our community for their unwavering support and belief in our vision. Stay tuned for more updates as we continue to forge a path toward a leaner, stronger Leancoin.
