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Compendia BIND: Token Burn
On January 28th, the nOS Token Smart Contract will automatically unlock an amount of locked tokens for the Private Sale and Company Reserve.
We have decided to pair this event with a NOS Token Burn event, effectively lowering the new projected circulating supply by ~32%.
Event date: January 28, 2019 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.
The event is about to begin
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