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YOYOW: Coin Burn

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200 million tokens are going to be burned during the mainnet upgrade on 30th April

Event date: April 30, 2020 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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Added by the Visitor
Apr 18 14:43 (UTC)
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