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Covalent CQT: Coin Burn
Event date: September 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.
According to the schedules, we will burn another 500mm COVA tokens on September 15th. This action is a part of the 2 billion burning programme, which takes place on the 15th of every month.
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Yan
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