Hello! Regarding the BOX token burn model, the current BOX token of the EOS chain adopts the method of manual intervention (that is, the remaining amount of issuance = the maximum issuance amount of 5 million - the market circulation - the burned amount) to achieve the purpose of burning. The BSC chain token adopts the method of putting the tokens that need to be destroyed into the black hole address, which does not require manual intervention 【that is, the remaining amount of issuance = the maximum issuance amount of 5 million - the market circulation (the market circulation includes the black hole address that have BOX within) 】can achieve the purpose of burning.
For the purpose of unifying the mode of each chain and the total circulation of 5 million, Defibox decided to use the "black hole burning" method for the destruction of each chain, that is, the maximum circulation of 5 million = the market circulation (the market circulation includes the black hole address that have BOX within) + unissued amount, the specific operation details are as follows:
1. Burn quantity description:
Total burn amount: 223695.377239 BOX
Amount of EOS chain burned: 221459.210796 BOX
BSC Chain burn Amount: 2236.166443 BOX
Note: The WAX Chain economic model currently does not involve a burn mode.
2. EOS chain burn details:
221459.210796 BOX tokens have been minted from token.defi to the eth.defi account, and transferred to the EOS black hole account: eosio.null.
3. BSC chain burn details:
BSC chain: 2236.16644355 BOX has been transferred to the BSC chain black hole address, click to view
According to the multi-chain issuance mechanism of BOX tokens, the corresponding BOX tokens in the EOS chain have been transferred from the bsc.defi account to the EOS black hole account: eosio.null.
Thank you for your support and attention to Defibox!
August 24, 2022