[Update on 3rd OGO Token Burn] All 15% of Initial Total OGO Su | Origo Official Announcements

[Update on 3rd OGO Token Burn] All 15% of Initial Total OGO Supply Were Burned Successfully As of Today

Dear Origors,

Achieving true decentralization has always been at the core of Origo.Network. To that end, we have been continuously shifting towards a more decentralized governance system by reducing the OGO token control from the Foundation.

For example, recently, the Foundation Team has decided to donate 20%(30,000,000 OGO) of its original allocation(150,000,000 OGO) for the next 3 years, resulting in a total of 30,000,000 OGO to be rewarded to new developers who join our program.

Conducting a token burn also could be regarded as one of many steps to strengthen the decentralization of Origo.Network. Today, we are excited to share the news with you that all 15% of Initial Total OGO Supply (or 150,000,000 OGO tokens in total) were burned for more decentralized Origo.Network and the long-term benefit of OGO economy.

The third OGO Burn took place today(Feb 26th, 2020) and 5% of Initial Total OGO Supply (or 50,000,000 OGO tokens in total) were burned successfully.

In summary, 3% of Initial Total OGO Supply (30,000,000 OGO tokens) were burned from the Ecosystem Reserve and 2% of Initial Total OGO Supply (20,000,000 OGO tokens) were burned from the Foundation Reserve.

For more details, please refer to the below link.
https://medium.com/@origonetwork/update-on-3rd-ogo-token-burn-all-15-of-initial-total-ogo-supply-were-burned-successfully-as-of-13f20d9db31