IoTeX IOTX: Coin Burn

Name: Coin Burn
Start: 2020-12-22T00:00:00Z
End: 2020-12-23T00:00:00Z

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Event date: December 22, 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.

IoTeX
@iotex_io

Burn-Drop Phase 2 starts December 22! 🔥💧 In Phase 2, 90 Million $IOTX will be burned and $80,000 worth of $BTC + $IOTX will be dropped to eligible stakers. Burn-Drop makes $IOTX a deflationary token with every new IoTeX device -- follow along at: iott.network

IOTX Price Changes After Event Publication

IOTX Events on the Chart

0.33%

1 hour

2.54%

3 hours

10.56%

1 day

8.54%

2 days

12.10%

Now (Added 5 years ago)