We’re kicking off the new year with some exciting news for all Leancoin enthusiasts! On January 2, 2024, we successfully burned a remarkable 78,459,305.21 Leancoin, reducing the total supply from 7,560,996,272.81 to 7,482,536,967.20 Leancoin. This burn represents a 1.04% decrease in the total supply, signaling our ongoing commitment to enhancing the value and scarcity of Leancoin. Since the start, we have now reduced the initial supply of 10 billion Leancoin by a substantial 25.17%, aligning with our strategy for a leaner, more valuable cryptocurrency.
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.
