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Spool DAO Token SPOOL: Token Burn
he DAO has voted to reduce the SPOOL supply by 1/3rd, further decentralizing the protocol and helping future developments.
Event date: May 2023 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.
Spool
@SpoolFi
@SpoolFi
🔥 Spool is heating up! 🔥
The DAO has voted to reduce the $SPOOL supply by 1/3rd, further decentralizing the protocol and helping future developments.
Find all the details about the token burn in our Medium:https://t.co/lY4ApG7qX9
The event is about to begin
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May 23 17:20 (UTC)
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