2 Billion Netkoin (NTK) Token Burn
Major Update: 2 billion NTK Token Burn (22% of the total supply)
The Netkoin project will conduct the final large token burn.
The token burn will occur this Tuesday October 2, 2018. The project will be burning 2 billion NTK tokens taking the total supply to 7.8 billion.
New token allocation breakdown after burn occurs:
Operations and Development: 1,410,000,000 NTK
Team: 2,500,000,000 NTK
Total burn amount: 2,000,000,000 NTK
Circulating supply: 3,886,060,194 NTK
New total supply: 7,887,060,094 NTK
The team will provide proof of the burn after it occurs this Tuesday October 2, 2018
A request to update the total supply on CoinMarketCap will be submitted immediately after the token burn is completed.
Note: the buy-back and burn program is unaffected will continue to run. Phase 1 parameters are also unaffected will still take place at the price targets outlined in each stage.
Stay tuned for more major announcements.
We appreciate the continued support from the community.
The Netkoin Team
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Brief Overview of The Netkoin project
Netkoin (NTK) is an ERC20 token based on the Ethereum blockchain. The NTK token will be used to power Netkoin’s universal rewards system on Netkoin’s location based mobile application and business management platform.
Netkoin’s location based mobile advertising application aims to make retail shopping relevant and rewarding for customers based on their location. The mobile application will contain numerous features and filters in order to provide the customer with a personalized retail shopping experience, while maintaining the highest level of user’s data security and privacy.
Netkoin’s business management platform will be utilized by retail stores to enable business owners to manage their stores advertising on the Netkoin mobile application. Businesses can integrate their store’s social media content, providing them with a single place of advertising their businesses content with shoppers. Therefore reducing content marketing management by the retail business marketing team.
The information contained in this document are not purported to represent advice that can be relied upon. Netkoin, the author or any other persons involved in the preparation or distribution of this presentation expressly disclaim all and any contractual, tortious or other form of liability to any person in respect of this document and any consequences arising from its use by any person in reliance in whole or any part of the contents of this document. Netkoin accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material in this document. The information contained in the whitepaper shall not in any way constitute a recommendation as to whether you should invest in any product discussed in the document.
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Netkoin Pty Ltd — Australian Company Number (ACN): 615 339 074