Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN] Blox Staking - Ethereum 2.0 Fully Non-Custodial Staking
by
oliverlott
on 16/04/2021, 11:16:44 UTC
I’ve been using this platform for some time, but I still don’t understand how CDT2 is burnt. Could anyone please explain?     

There’re two stages of burning. First, they buy tokens for $1, then they use them for annual payment. It’s needed to reduce the number of CDT2 to make it possible to use it as a reward for block producers in the future.   

Will they keep burning them? Even when these tokens will be used as a reward.   

The website says that they will be used to pay network fee, that’s why they are burnt and their value will grow in the future.