PLC burning — more than 47%

PlusCoin (PLCN)- DSPLUS
1 min readJun 7, 2018

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In regard to the latest news about the replacement of the main DS PLUS (PlusCoin) project’s coin with the new PLCN coin, the coins in possession of the team are treated as follows:
1. In possession of the team there are 20 099 569 851 PLC, which are divided into “Stabilization Fund” and “Infrastructure”.
2. Coins are at the contract owner’s address: 0xf32eecBf2545B2b1cc83a86676F2376A34f3DA50.
3. The team decided to transfer all PLC from the “Stabilization fund” to a wallet, which no one will have access to. The address is following: 0x0000000000000000000000000000000000000001.

This action is comparable to a process of burning a part of tokens. Thanks to it, there will be much less coins in the market (15 371 893 475 PLC — 53%) existing in the common network and accessible for use and movement.

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