BlackCoin BLK: Token Burn
Initial Burn Offering
Initial distribution will be proportional to burned BlackCoins, with a bonus for early participants.
For first 4 weeks the bonus is 20%, later it decreases by 2% per week.
The minimum required burnt amount per account is 10 BLK.
Burning starts at 07 Sep 2018 00:00:00 UTC and ends at 14 Dec 2018 00:00:00 UTC (14 weeks).
Instruction for Windows and Linux
1. Download BlackCoin wallet 1.2.5.1
2. Use the debug window or CLI to execute following commands.
3. blacknetkeypair Save your mnemonic before proceeding further.
4. burn n pubkey to burn n coins.
Current distributionLast scanned block 2286745
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.