Burn Program
A decision to burn 30 million tokens out of the planned issuance of 100 million tokens by 2023.
30 million tokens of xWIN Community will be scheduled to burn in 2024.
Several tens of percent of the after-tax net income of each xWIN Group company (excluding xWIN Technology) will be used to purchase XWIN tokens. The burning of tokens will be carried out in accordance with the accounting principles of the respective countries. We hope to announce the percentages soon.
Below is a burn of what we have earned on the platform in the past. However, these were inadequate volumes and will now be implemented on a larger scale.
This is an announcement of burn program.
[UPDATE Aug 31,2021 11:00JST: Burn transaction ID is finished. A total of 6000 XWIN token was burned.] https://bscscan.com/tx/0x398acb835488cbc08b8210b3b2dc6050a132c3ce076f7bb9792ae5e1c976912d
A total of 6,000 XWIN token is planned for burn at the end of Aug 2021. Since the first round of 12,500 tokens has been burned in last July, the team is committed the effort to minimize the inflation of the XWIN token. First announcement of token burning is here:
https://xwin.medium.com/announcement-of-the-first-token-burn-event-113c8f55c482
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