Filenet FN: Token Burn & Difficulty Bomb Solution
1. 75% Of Filenet Token Will Be Burned
The Filenet Token in the Filenet Foundation ecological construction account and technical community account is about 168 million in total, 75% of which will be burned(that is about 126 million). And about 42 million will be remained after this burn.Burn address: (3Psbq3enwAmwXGa2QejWFdd9AwV1rczE6w1GPzs6WTPmJpKbmWghsLB)
2.Changes On Filenet Mainnet Mining Incentive Rules
After the launch of the Filenet mainnet difficulty bomb, the reward 25FN for each block mined will be changed for every 4 blocks mined. Filenet has a total mining capacity of 800 million FN. At present, mining rewards are about 21 million FN. The remaining mining rewards are 778 million FN. After the launch of the difficulty bomb, the main network mining rewards will be reduced by 75%, that is, the remaining mining rewards are approximately 194 million FN.
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.