55 Billion Netkoin (NTK) Token burn

The Netkoin development team have made a breakthrough which will change the way NTK tokens will be used to power the Netkoin ecosystem. This development will have a substantial impact on the total supply of Netkoin (NTK).

The Netkoin tokens which were originally allocated to power Netkoin’s ecosystem (50 billion NTK), will now not be required. The current and future tokens in circulation will be used to power the Netkoin ecosystem.

For example if a business wants to join the Netkoin ecosystem, they will need to have NTK tokens to offer to shoppers when they step-into their stores. Therefore the business will need to source the NTK from the circulating supply by buying NTK from holders through exchanges.

Therefore the NTK tokens you hold will be used to power the Netkoin ecosystem.

Note: This is a very basic and confined example on how the changes will improve the ecosystem. More details will follow in future dedicated Medium posts and in the whitepaper version 2.0.

Token Burn

The token burn will occur Tuesday September 25, 2018. The project will be burning 55 billion NTK tokens taking the total supply to 9.8 billion NTK. Circulating supply will remain at 3,783,015,501 NTK.

New token allocation breakdown after burn occurs:

Operations and Development: 3,500,000,000 NTK

Team: 2,500,000,000 NTK (Locked for a number of years. Full details will be released at later date.)

Circulating supply: 3,783,015,501 NTK

Total burn amount: 55 Billion NTK

New total supply: 9,887,060,094 NTK

A request to update the total supply on CoinMarketCap will be submitted immediately after the token burn is completed.

The team will provide proof of the burn after it occurs Tuesday September 25, 2018.

Stay tuned for more major announcements.

We appreciate the continued support from the community.

Regards

The Netkoin Team

For more information about the Netkoin Project and updates, join us on Telegram: https://t.me/netkoindiscussion

Twitter: https://twitter.com/netkoin


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.


Disclaimer

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.

© 2018 Netkoin. All rights reserved.

Netkoin Pty Ltd — Australian Company Number (ACN): 615 339 074