ANON COINBURN — Jan 2019

ANON COINBURN

Dear Anon Community,

Our beloved project Anonymous (ANON) just got 3 months old and turned from baby to a cool kid. In last 3 months ANON delivered all the promises which was made during fork announcement. Few are as follows —

1. ANON Bounty 1.0 — completed successful, Earned Anon were already distributed.
2. Exchange Listing — listed on 5 exchanges including Cryptopia, IDAX
3. ANON Masternode — 500 ANON = 1 ANON Masternode (Only $50 for 1 MN as per today ANON cost)
4. 1 Click Masternode and Shared Masternode Pool — Easy Masternode Setup
5. Community Governance — Voting already activated for community
6. ANON Bounty 2.0 — IN PROGRESS — Running Since September, till last week of December 2018, ANON to be distributed by Jan 7th 2019.

Crypto Market Health & ANON Performance

Before we go further discussion on todays topic, Lets have a look in crypto market health and ANON performance.

Bitcoin is currently traded at $3280 (Dec 8, 2018), trying to find its bottom from its ATH which was made in Dec 2017 bull run ($19000). Please note Bitcoin is 50% down from previous 3 weeks (from $6400).

Though bottom is yet to found, but most of the crypto technical analyst guru expecting bottom between $2500–$3200. Please note $2500 is very special support as it is at .886 fib level from ATH and this level is generally considered as reversal area. Please do your own research.

Most of the coins including all blue chip coins (TRX, ICX, NANO, XMR, DASH) are 90+ % retraced from its ATH till now.

ANON is also impacted in this bear market, and found its bottom (IMO) around 0.00001950 BTC 2 weeks back. Since finding its bottom, ANON currently traded at 0.00003474 BTC (i.e. almost 70% up since its lowest).

ANON Anonunced COINBURN Event

As we are around the end of the last quarter of 2018, ANON has a bullish surprise to community and announced a BIG event for ANON community, its ANON COINBURN. Yes, you read it correct.

Do you aware what is the coinburn?

What is the Coin Burning?

Coin burning — as the name suggest — is a process of intentionally ‘burning’ or eliminating the coins by rendering it unusable. This is done by sending a portion of the coins to an ‘eater address’, which is often referred to as a ‘black hole’ since the private keys to that address are not obtainable by anyone. Therefore, any coins sent to an eater address are unrecoverable and cannot be used again, forever! These coins are effectively taken out of circulation and is publicly recorded and verifiable on the blockchain.

Coin Burn Benefits/Outcome

1. More Effective Consensus Mechanism
2. Increase Value of Coin
3. Protection Against SPAM — Safe From DDOS Attack

As we have get a little idea on coin buring, lets look at ANON Coinburn event and understand if community to take any action on or before anon coin burn.

ANON COINBURN

ANON announced it will have coin burn at block 37000 (expected date is Jan 26th 2019), when all unclaimed ANON coins will be burned forever.

ANON Coin Burn — BLOCK 37000

ANON will have 40 million total supply (maximum) and currently 32 million coins are in circulation though only 7 million coins were claimed during fork. It makes approx 25 million coins are unclaimed due to various reasons.

ANON to burn all unclaimed coins in January 2019 when it reaches black 37000. As discussed on ANON admin on ANON’s official telegram group, almost 20+ million coins will be burned during coin burn event. It means ANON circulation to be decreased by 50% immediately.

Coin burn event is considered to be bullish event in crypto space and this event should push ANON coin price to upside for sure.

Important Points To Remember During ANON Coinburn —

1. ANON Coinburn shall occur at block 37000 (expecting date Jan 26, 2019)
2. All coins which are unclaimed during fork will be burned.
3. Ensure, claimed coin has recorded atleast 1 transaction — Move claimed coins during fork to another ANON address atleast once
4. If coins were claimed during fork on Cryptopia — No action is needed
5. if coins are bought on any exchanges — No action is needed

the blockchain MUST have a recorded transaction (movement) on the claimed ANON for it to be considered as CLAIMED.

In case you are not sure — please move all of your ANON to an alternate ANON address, your coins will be SAFU. After moving , you may move ANON back to the original/previous address, if you wish.

CONCLUSION

As we have understood Coinburn and also ANON Coinburn timeline with actions from community needed, its time to conclude today topic.

Crypto space is in bear market cycle since Jan 2018 where most of the coins are finding bottom or about to find bottom including King BITCOIN. Bull and Bear phase is just a part of market cycle, and expect market will not be in either phase forever. As soon as we find bottom for Bitcoin, market will start reversing slowly and ALTS will follow Bitcoin. This is the critical time when an investor do accumulation of good projects.

In my opinion, ANON is found its bottom 2 weeks back at 0.00001950 BTC and starting reverse as part of market cycle. ANON Coin burn even should ignite ANON’s price to go up as its going to be almost 50% coin burn from circulation hence as per economics demand/supply law it should increase its value.

There is no doubt, ANON as a project has to add some value as utility to be a successful project in long term, but short term Coin burn event would work as a fuel and boost its current market price.

Its better accumulate ANON as much as you can in this accumulation phase instead of running after it once its price are going up. ANON is traded at 0.00003450 BTC ($ 0.10) as of today and have big room to go upwards for sure.

Think twice, analyse crypto market and go for ANON!!!

If this blog helped you to choose one of your cryptocurrency coin to invest and you want to say thanks, feel free to tip me:

ANON: AnTrRhU4u1dYKsM1Tyq88HuCA7tHZo9yWMn
ZClassic: t1WWN5zyQpnKpzr4wYTWVpKAFh6Jugruzsv
Bitcoin: 1Pb2yU1u6Cwv3ix2vrw2dTAagvvSjDkoZr

Join the ANON community for latest news and updates:

• ANON Telegram: https://t.me/ANONFork
• ANON Discord: https://discord.gg/2yTdK6s
• ANON Twitter: https://twitter.com/ANON_WeAreANON
• ANON Medium: https://medium.com/anonymous-bitcoin
• ANON Reddit: https://www.reddit.com/r/AnonymousBitcoin ANON
• ANON Technical Support: https://t.me/anontechnicalsupport

Thank you All!!!

Yours,

CryptoAngel