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Cash Tech CATE: Coin Burn

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The first burn period will start on Sunday the 4th of April with the burn for the period taking place on the 11th of April. 10% of the total USD trading volume from the 4th until the 10th of April will be burned on the 11th of April.

Event date: April 4 to 11, 2021 UTC

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.

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Added by Alekscate
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