π News of the $GGR token
Attention! Burning of $GGR tokens is finished.
In order to reduce the issuance of $GGR tokens and increase their value, the GAGARIN team provided for a token burning mechanism in the WhitePaper.
On February 03, 2023, all tokens that were not used in their stages were burned.
π₯ How many tokens were burned?
Let us remind you that in order to reduce the pressure on the token price, the team decided not to hold a public round (IDO).
As a result, all tokens allocated for the public round and tokens that were not redeemed at the private round stage were burned.
The number of tokens burned: 2 874 493 GGR
The address from which the tokens were burned (emitter address) 0x23dD104B69fe8784865a6dAe7C74062231f544F1
https://bscscan.com/tx/0x66ef081f084261356ec8998f2d50460b6d83d75a0c61d56f460ae3fb81170e63π² How will the remaining tokens be distributed?
The entire issue, i.e. the remaining tokens (except for liquidity) in the
Binance Smart Chain, has been locked up in a vesting contract and will be distributed strictly according to the vesting rules spelled out in the WhitePaper.
π Contract Address β 0x87Ee3C03442685FE469774746074530Fd18249F6
βββββββββββββββ
πWhat is the purpose of burning tokens?
Token burning is the destruction of a certain amount of cryptocurrency in order to reduce its supply and increase the demand. As a result, this procedure:
- increases the value of the asset
- reduces the supply of tokens in the market
- increases the price of tokens.
All coin burning transactions are written into the blockchain as a transaction, so anyone can verify that the coins have indeed been permanently removed from circulation.
Stay tuned for more updates!
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