WeAreSatoshi WSX: Coin Burn
The $WSX Coin Burn will be taking place on block 853,500, giving active community members 30 days to move all their coins to an address under their control. Any unspent transaction outputs (UTXOs) on or prior to block 690,000 having an age of over a year will be burned.
A coin burn is a process of sending a certain amount of cryptocurrency to a public address that private keys are unobtainable. Sent coins in the future can't be spent, thus coin burn leads to an overall decrease in the amount of cryptocurrency involved in circulation.