Announcement on the Size of BUYBACK, Coin Burn & Mining Volume Reduction

Team HYCON
Nov 7, 2018 · 2 min read

We have some exciting news for you today (November 7th)!

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First, we have successfully updated the Ghost Protocol with a hard fork on [Block #317,713]!

HYCON’s network has become faster and more stable thanks to the increased block formation speed.

Second, the [HYCON Foundation] announced the HYCON BUYBACK of 5,000 ETH.

Buyback is expected to be completed by the end of November and HYCON’s total volume will be disclosed after completion!

Third, total supply burn and mining volume reduction.

The total supply will be adjusted from 10 billion → 5 billion HYCON!

In 30 days, the daily mining volume will be reduced by [90%] from 691,200 → 69,120.

Join HYCON on a journey to the moon!

We will continue to share well-prepared, trustworthy information in an efficient manner.

As always, thank you for your support!

Sincerely,

Team Hycon

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https://hycon.io

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