HDAO Launches New Burning Mechanism To Burn 50% Of Its Tokens -Breaking
HDAO Launches New Burning Mechanism To Burn 50% Of Its Tokens
- HDAO (HKD.com DAO), has revealed that they are launching a new fire-fighting mechanism.
- Burns are intended to decrease the amount of tokens that circulate, which in turn will create scarcity on the market.
- Under the application of the burning mechanism, it is possible that HDAO’s inflational nature might be enhanced.
HDAO’s foundation (HKD.com DAO), announced it was introducing a new flame mechanism that will destroy half of HDAO tokens.
After unanimous support from all stakeholders, the burning mechanism was created in order to ensure a more sustainable development and increase its value. This will bring down the total number of tokens to just 5 billion from 10 Billion.
Burning tokens is intended to decrease the amount of tokens currently in circulation, which in turn will create scarcity on the market. You can view the complete burn history and all the tokens that have been burned on the chain.
All the burning records can be viewed on this address: 0xa6dc25851c18db97d4af05dbea56ceaaf6bda0ee
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