From Discord:
We are pleased to announce that Safecoin is has completed Phase One of its burn: Supply has been reduced by 2.8 million SAFE:
https://explorer.safecoin.org/tx/5QdWL7pTjCzPTuuyfs7nqHKQHeMzqKUaKRsfmc1s3EF6R8VSx6vavpZRdsu7X9S1KN7tB6TwH7xSQfHE6cZVgFJRhttps://explorer.safecoin.org/supplySupply is now at 31,093,330 SAFE from 33,893,330 SAFE
We have decided to do this burn in Two Phases, as follows:
Phase One: The Vast majority of excess SAFE is burned. This does not Yet include: Graviex/Crex24 committed swap funds, boostrap validator rewards Phase One Complete
Phase Two: A Final, Exact remainder of SAFE will be burned, with calculations shown to fully verify that supply is reconciled with the swap.
Phase Two will occur: After our binary release of Safecoin, and after Graviex/Crex24 reconciliation is finalized
To get this right, we need to do this in these two phases. However, the vast majority of SAFE is now burned and reflected in our supply.
This is a very important day for us as we move to finalize our transition to a community-first world leader in Defi.