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Insolar XNS: Coin Burn

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Event date: February 28, 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.

Insolar
@insolario
Dear Insolar Community, Please be informed that #Insolar network will be shut down at 9am UTC on February 28, 2021. If you intend to burn your $XNS to $AGF, please note that you need to do it BEFORE the deadline. #XNS
Insolar
@insolario
Shutting the network down doesn’t mean that Insolar community is left alone. Please subscribe to the announcements channel, it will be used for posting updates on $XNS to $AGF burn after February 28. t.me
The event is about to begin
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