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Dynamic Trading Rights DTR: Coin Burn
Tokens.net will destroy over 1 Billion exchange tokens (DTR) in a single burn event on May 27 to celebrate 1 year since public launch - this represents 30% of total DTR and means that going forward, the majority of tokens will be held by ICO backers, hodlers and traders.
Event date: May 27, 2019 0:01 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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May 9 13:25 (UTC)
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