LimeWire Token to Hold Token Burn on July 1st

Name: Token Burn
Start: 2024-05-01T00:00:00Z
End: 2024-07-01T00:00:00Z

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LimeWire Token has announced the commencement of its second phase burn event, which is set to begin on May 1st. This event will involve the burning of a total of 46,666,666 LMWR tokens every month until July 1st.

Event date: May 1 to Jul 1, 2024 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.

LimeWire
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The first burn event of phase 2 will happen on May 1st, followed by 3 identical burn events in the following months 🔥

Team: 13,333,333 $LMWR burned
Community Rewards: 16,666,666 $LMWR burned
Treasury: 16,666,666 $LMWR burned

Total monthly burn: 46,666,666 $LMWR every month until July 1st, 2024

LMWR Price Changes After Event Publication

LMWR Events on the Chart

6.67%

1 day

8.33%

2 days

76.54%

Now (Added 8 months ago)

The event is about to begin