Covalent Covalent CQT
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Covalent CQT: Coin Burn

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Event date: August 15, 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.

COVA (Covalent.ai)
@covatoken
Because of our successful mainnet launch, COVA Foundation will be burning at least 2 billion COVA in the next 6 months. medium.com
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