GET Protocol: Coin Burn

Name: Coin Burn
Start: 2020-09-28T00:00:00Z
End: 2020-09-29T00:00:00Z

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Up until the 28th of September all GET that is used by all the protocols integrators during Q3 will be bought back straight from the open market. A portion of the acquired GET will be burned. Proof of burn will be provided in a blogpost published on the 6th of October.

Event date: September 28, 2020 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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