Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ICO] Wanchain - Connecting blockchains to exchange value
by
kissubaby
on 18/11/2019, 02:53:56 UTC
Quote from: gembira on November 08, 2019, 05:04:23 PM
Quote from: kissubaby on November 07, 2019, 07:42:37 AM
https://twitter.com/wanchain_org/status/1191794773474127873

Wanchain has burned the 21 million WAN (10% of total, reserved for PoS rewards) by sending them to an address where the WAN is not recoverable.

Here is the address: https://wanscan.org/address/0x0000000000000000000000000000000000000000

The tx: https://wanscan.org/tx/0x6bc3b697e48b95793aae27b8e9aa84f98eebe5beb024b4a051b5845ef547d865

PoS rewards are explained here:
https://medium.com/wanchain-foundation/wanchain-proof-of-stake-validator-economics-for-upcoming-alpha-testing-d57353a4d0f9

As far as I understand they didn't burn them in fact as this tokens were went out from total supply, not from circulating supply ad will be adding as rewards per POS mining... ?

eventual total coins would still be 210 million cap, as in the whitepaper