BlackHat burn event

All crypto enthusiasts know that burn events are helpful to make tokenomics of each project more healthy. In the last year, we saw burning of BNB, ETH, Shiba and many other coins and tokens.

Each of them has its own reasons to burn some portions of the circulating supply: from controlling the price to showing the willingness of the team to make decisions for the benefit of the project. All cryptocurrency coins can be burnt. The decision to burn tokens is usually vested in the developer team of the coin. Sometimes, coin burns can be initiated by the core community also. Burning process is highly similar to the idea of a publicly-traded company buying back its stock.

The BlackHat Project Team fully supports the idea of ​​improving the economy of the project. Especially considering the very fast economy at the start, when the income in BlackHat Project from staking and masternodes for users was and still is quite significant. After all, burning coins directly affects the dynamics of supply and demand.

That’s why team has made a decision to run the BlackHat project burn events from time to time. Remind you that 150 000 coins were burned on 15 of February based on two criteria's:

  • 15 515,09 BLKC from airdrop: coins that users did not withdraw after airdrop end + coins obtained in violation of the rules of airdrop referral program.
  • 134 484,91 BLKC coins that the team bought from the market from the paper hands.

Today, on the 25 of May, we celebrate 2nd burn event of 200 000 BLKC

Be careful it will be hot 😎

Telegram | Twitter | Discord | Weibo

--

--

--

Privacy focused cryptocurrency

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Crowdgift Phase 2: Proof of Freedom

High(HIGH)

The Ever So Resilient Mini Degens — The Best Community in the BSC Space!

Binance and Bybit Delists LUNA Perpetual Contracts From Their Platforms

Paytomat: Under the Hood Vol.2

PARTNERSHIP ANNOUNCEMENT

Today’s Crypto News in 5 minutes | Crypto Corner

Elephant Money Hacked: 11 Million Stolen!

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BlackHat Coin

BlackHat Coin

Privacy focused cryptocurrency

More from Medium

Super Miner Month

NNI Airdrop Going Live

ALPHA PROTOCOL SHILLING CONTEST

🎁 MINI AIRDROP: KINGDOM GAME 4.0 X GREEN BELI 🍀🍀