Lisk to Hold Token Burn in September

Name: Token Burn
Start: 2024-09-01T00:00:00Z
End: 2024-10-01T00:00:00Z

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Lisk is inviting its community to vote on the fate of 100 million LSK tokens. The decision to be made is whether to burn the tokens or allocate them to the DAO fund.

Event date: September 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.

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