November 6, 2021 - As part of the accepted proposal from the DeFi Alliance, 3 billion TON Crystal Tokens will be publicly burned on Monday, November 8, 2021. This step is timed to prepare for the transition of the network from beta stage to mainnet, following a recent event demonstrating Rust Nodes’ ability to deliver the best throughput on the market, with unlimited potential for further scalability.
“The token burning process takes place via a smart contract which ensures with provable certainty they may never be returned. This burn is also a big step in getting away from the Legacy of TON,” - one member of the DeFi Alliance quoted. The team has already started to work on the contract, which is available for collaboration on GitHub.
“Anyone may familiarize themselves with the code,” developers explained. At the moment, the total emission of the native blockchain coin is 5.04 billion, with about 735 million in circulation. This process increases the relative value of the token by 2,5 times.
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