The 5th XCB Burn Report: +1.5 Million XCB Burnt The fifth ser | CryptoBirds English [ANN]

The 5th XCB Burn Report: +1.5 Million XCB Burnt

The fifth series of XCB token burns of 579.668,33 XCB has been completed.

Platform remnant 11th month 79666,66
Platform remnant 12th month 100000,33
Platform remnant 13th month 100000,33
Platform remnant 14th month 100000,33
Platform remnant 15th month 100000,33
Platform remnant 16th month 100000,33

We will continue to carry out periodic burnings, to value the token.

A total of 1.660.307,32 XCB tokens have been burned so far, adding up all those burned.

Burning mechanisms

Some of the burning mechanisms that will reduce supply and help value the token:
Companies wishing to sponsor one of our virtual portfolio contests will be required to purchase several tokens and burn them.
If the maximum allocation quota is not reached in the predefined number of tokens distributed by the platform monthly, they will be burned.
If a user with an allocation of tokens does not claim them within three months, they will be burned.

More https://cryptobirds.medium.com/the-4th-burn-report-1-5-million-xcb-burnt-9fd86f634c23

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