Update on Circulation & Token Burn

PAPARAZZI
2 min readAug 26, 2020

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Dear Paparazzi Community,

Our most recent update on the circulation of the token supply was roughly 24 million. However, due to increasing questions about the exact circulation, the team has went through to calculate the exact circulating supply for the community.

Recently Paparazzi team conducted a major burn of 1.8275 billion PAZZI tokens. Click here to access the burn transaction made by the team. The total supply decreased to 172.5 million PAZZI tokens. These tokens are a composition of sales & bounty.

Currently we are working with Coin Market Cap and Coin Gecko for a live update about the circulating supply. In the meantime, this is the following circulation as of the moment.

30,255,966 Circulating Tokens

43,422,700 Private Sale Tokens (Distributed, but locked)

For better transparency of the token distribution, we are disclosing the major wallet addresses that are holding a huge portion of $PAZZI tokens.

0x7eb9e86a8b7b86f7ec30946878c30d487a125fd6: Issuing Wallet Address

0x35834577519826eea26625ee6a5a0854ce8f83ea: 2nd Bounty Addresss

0x3683490be3cddcc7fa3fa452464f35bf6282fbc0: Private Sale (Locked)

0xa522118a9c9c76bfb1224695f4e61f28a21715f8: Private Sale (Locked)

0x06da38f5226f3ae18549c0906810a44d5effb3f9: Private Sale (Locked)

0xfdb1e6fe538bcfbfdb2828e92963da2b35ad6696: Private Sale (Locked)

0x9dd005bbf5a12342d5da9b506817566151ec6a82: Private Sale (Locked)

0x5e29bd405a5f6c5df60a46a251d5c562f5c4c2e3: Private Sale (Locked)

0x8da22b53c6fb7e3dddda968135e332e4a2976625: Private Sale (Locked)

Currently, we are conducting a buyback of $PAZZI worth $500,000 across different exchanges. At the end of the buyback program, we will send $PAZZI to a collective Burn Wallet. Then the tokens from the Burn Wallet will be sent to the issuing wallet for a permanent burn.

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PAPARAZZI

Paparazzi is a photo-centric blockchain-based platform to provide a seamless process of capturing, sharing, and trading a graphic memory.