The Kin Foundation has closed a vote to burn 4.96 trillion of its reserves in an effort to fully decentralize the Kin protocol.
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users., the organization behind the protocol Kin, has concluded a vote that will see a vast percentage of total KIN supply burned.
of 10 trillion. After the vote, Kin Foundation will burn 4.96 trillion of its KIN reserves, and Kik will burn another 2.1 trillion afterward.'No inflation, no foundation, and no website' The KIN token traded at $0.00001829 at 10 a.m. ET Thursday. In the three weeks leading up to the burn vote deadline, the coin saw a notable increase with the peak price of $0.000029 on July 23.
Kin has a fully diluted market capitalization of $175.5 million, according to the crypto price tracker CoinMarketCap.Ted Livingston saw the burn of trillions of KIN tokens as necessary for the future of the protocol, explaining his reasoning in the July 6 proposal.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Philly police foundation spends $500K to reduce crime, increase safety and officer visibilityThe Philadelphia Police Foundation has spent $500,000 to reduce the Philly crime rate, increase safety for businesses and residents, and increase officer visibility in the city.
Weiterlesen »
Proposal before Maine lawmakers would jump-start offshore wind projectsMaine is poised to launch an offshore wind program that would meet clean energy goals and produce enough power for about 900,000 homes from floating wind turbines in the Gulf of Maine.
Weiterlesen »
Phoenix developer submits proposal for reimagined midtown mixed-use projectWhile the original version of the project leaned heavily into office use, the mixed-use project appears to have flipped strategies with multifamily and housing being top priorities.
Weiterlesen »
Woman plunges to her death from 100-foot cliff moments after marriage proposalWoman is dead after falling off a 100-foot cliff moments after her would-be husband popped the question.
Weiterlesen »
CUE Art Foundation opens applications for arts programThe CUE Art Foundation has opened applications for the October 2023 CUE Teen Collective, an after-school arts program for NYC high school students in grades 10 and 11. CTC is a free program for students interested in exploring careers in the arts.
Weiterlesen »