Post
Topic
Board Speculation (Altcoins)
Re: Funfair (FUN) is burning 6 billion coins tomorrow
by
hacktek
on 17/10/2017, 06:48:55 UTC
Here's the dev update:

https://funfair.io/funfair-company-update-16th-october-2017/

"We’re allocating 55%, the majority of the 11.173B tokens, to be burned. This equates to 6.173B tokens that will all be burned on October 18th (now we are clear of the Metropolis’ Byzantium hard fork) at 3pm GMT (4pm British Summer Time).

Burning tokens has the effect of taking them out of issuance. They will never become circulating tokens and so every other token holder benefits proportionally due to additional scarcity."