Post
Topic
Board Tokens (Altcoins)
Re: [ANN] ICONOMI - Digital Assets Management Platform
by
Topknotbam
on 26/08/2018, 20:51:26 UTC
anyone got any idea when the next burning will occur . i remember its being said as every quarter, but can someone comment!!

yes, burning takes place at the end of every quarter.

Quote
In Q3 2018 we are continuing with our repayment program using revenues generated in Q2, which amounted to US$404,410 or 888.46 ETH. As stated in our Introducing Fees Payable in ICN blog post, DAA management fees are now collected and converted to ICN on a daily basis and will be burned at the end of each quarter, rather than in the following quarter.


proof - ICONOMI Financial Report — Q2 2018



The token burn smart contract can be viewed here.