1st CBFI Token Burn🔥
Dear #CBFI Community Members and Tokenholders,
We have stated that all unsold CBFI Token will be destroyed as a form of commitment. So the first step was to burn tokens left after the Presale in Launchpad.
A total of 1,861,952,000 Billion $CBFI Tokens that have not been sold during the PINKSALE IDO Launchpad are already burned (please, check it here). As a result, the total supply decreased by -18.61%, from a 10 billion Total Supply to 8,138,048,000 billion tokens Total Supply.
What is a token burn? 🔥
It’s standard practice for many transparent projects that run a token sale to burn unused and unsold tokens. By burning tokens, we’re “evaporating” tokens from being purchased, exchanged, or sold — lowering the total supply of available CBFI tokens.
Why are we burning tokens? 🔥
Token burning helps maintain a healthy cryptocurrency, keeping the token supply low while balancing the value of each token. Token burning is also completed in fairness to early contributors and the community in general.
What are the advantages? 🔥
Less supply in tokens adds to the rarity of a new coin.
How many tokens burned? 🔥
Approximately 1,861,952,000 $ CBFI Tokens burned with around USD 1,861,952 Million based on a listing price of $0.001 per CBFI token.
B𝐮𝐫𝐧𝐞𝐝 𝐝𝐞𝐭𝐚𝐢𝐥 :
Burn amount : 1,861,952,000 $CBFI Token 🔥
Burn Time : Apr-18–2022 05:23:15 PM +UTC 🔥
Burn Value : $1,861,952🔥
Source: From Public Sales allocation 🔥
Txhash burn : https://bscscan.com/tx/0x95157cc23462045e530e126d8e8e26e46ad56cdee1837e5d6c1f867f07a9c56e 🔥
📌 Stay tuned for our next post providing information on our Presale Pinksale Claim and settling the Audit for our BEP20 Token Smart contract before listing in Pancakeswap. 🤝
Please feel free to share your suggestions with us!
Join our Telegram community CBFI Official or visit our Gitbook Information https://coinbox.gitbook.io/ and you will find answers to all your questions there. 🥰🌈
Thank you for your continued support!
