We’re excited to inform you that we have successfully burned 5% of the tokens stored in the burning wallet today, which is an equivalent of 91,511,071.84 Leancoin. This substantial burn represents a market value exceeding $32,000 USD. The details of this transaction can be validated on Solscan under the Leancoin Burned Today section:
This action has led to the deduction of the total Leancoin supply from 7,822,040,734 to 7,730,528,662. We remain committed to our ongoing initiative of reducing the overall supply, a strategy that has resulted in over a 21% decrease from the initial max supply of 10 billion Leancoin. All repurchased tokens are directed to the Burning Wallet.
In compliance with the findings of a Hacken audit, where Leancoin was rated 9.6/10, a smart contract safeguards the Burning Wallet, ensuring our team can’t access it. As a result, all tokens deposited in this wallet are beyond our reach and are scheduled to be burned at a consistent pace of 5% monthly. Presently, the Burning Wallet is home to more than 1.8 billion Leancoin, a clear indication that the total supply is on a steady path to drop below 6 billion Leancoin. Below is the designated address of the Burning Wallet:
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.
We are also thrilled to invite you to watch our presentation at the Lean Trends conference in Łódź. Don’t miss the opportunity to gain insights into our recent achievements, future plans, and how we are enhancing the value of Leancoin for our community. Witness the innovations and progress we are spearheading in the cryptocurrency world! Watch now:
