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FomoETH: Token Burn

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Event date: December 29, 2021 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.

FomoETH
@fomo_eth
🔥🔥 Massive Token Burn! 🔥🔥 Thanks to our investors and presale participants, we have burnt 17.65% of the total supply on the #Ethereum chain via our Presale! etherscan.io This is 323,000 USD worth. This is the first big burn! More burns are coming! #FomoETH #ETH
The event is about to begin
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Added by Alika
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