PlusCoin PlusCoin
June 2018

PlusCoin PLC: Coin Burn

Reliable Source
Added 4 years ago
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Bug Report

In regard to the latest news about the replacement of the main DS PLUS (PlusCoin) project’s coin with the new PLCN coin, the coins in possession of the team are treated as follows:
1. In possession of the team there are 20 099 569 851 PLC, which are divided into “Stabilization Fund” and “Infrastructure”.
2. Coins are at the contract owner’s address: 0xf32eecBf2545B2b1cc83a86676F2376A34f3DA50.
3. The team decided to transfer all PLC from the “Stabilization fund” to a wallet, which no one will have access to. The address is following: 0x0000000000000000000000000000000000000001This action is comparable to a process of burning a part of tokens. Thanks to it, there will be much less coins in the market (15 371 893 475 PLC — 53%) existing in the common network and accessible for use and movement.

В связи с последними новостями о замене основной монеты проекта DS PLUS (PlusCoin) на новую PLCN, судьба имеющихся во владении команды монет такова:
1. Во владении находится 20 099 569 851 PLC, которые подразделены на “Стабилизационный фонд” и “Инфраструктуру”
2. Монеты находятся на адресе владельца контракта: 0xf32eecBf2545B2b1cc83a86676F2376A34f3DA50
3. Команда принята решение о переводе всех монет PLC из “Стабилизационного фонда” на кошелек, доступа к которому нет ни у кого. Адрес 0x0000000000000000000000000000000000000001Такое действие сравнимо с процессом сжигания части токенов. Благодаря этому на рынке останется намного меньше монет (15 371 893 475 PLC — 53%), существующих в общей сети и имеющих возможность перемещения и использования.

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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Added by Representative
During the whole time of PlusCoin monitoring, 12 events were added:
8 exchange events
1 hard fork
1 release
1 token burn
1 contest
Nothing found
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