OMG Network: Coin Burn

Name: Coin Burn
Start: 2019-07-25T00:00:00Z
End: 2019-07-26T00:00:00Z

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Event date: July 25, 2019 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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