On February 2, 2024, we successfully incinerated 74,536,339.95 Leancoin. This action has reduced our total supply from 7,482,536,967.20 to 7,407,999,638.79 Leancoin. This latest burn represents a 0.99% decrease in the total supply, further solidifying our strategy to create a more valuable and scarce cryptocurrency. With this burn, we have now reduced the initial supply of 10 billion Leancoin by a remarkable 25.92%, a clear indication of our commitment to Leancoin’s long-term sustainability and growth.
Confirm the transaction details here: https://solscan.io/tx/26qBTznXVZdPNikVNWd4qQXrrUkufC46pgpAGJBHdSiLuSyUKqBXVCetHYCva1ts7Kq8Xyvu4P46erd48nWRDrXM
These strategic token burns are pivotal in our mission to establish Leancoin as a robust and valuable asset in the cryptocurrency market. We thank our dedicated community for their support and belief in our vision. Here’s to a prosperous year ahead with Leancoin!
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.
