BHEX Token BHT: Coin Burn
HBTC has finished the 12th BHT Buyback-to-Burn of 153,577,115 BHT at 18:40 on Oct. 23, 2020 (UTC+8) Singapore time.
Please see the burn record: https://cn.etherscan.com/tx/0x03235087f20a52497c35066e7651fe3ad0da6d63a05a3873acdb2155a70d3ed7.
Announcement on the launch of HBTC Chain and Token Swap from BHT to HBC: https://hbtc.zendesk.com/hc/zh-cn/articles/360047090633
Announcement on the launch of HBC Mainnet and BHT Token Swap:https://hbtc.zendesk.com/hc/zh-cn/articles/360046383414
What is coin (token) burn?
A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.