Largest $BCDT Burn Ever

HIT 9
3videnZ
Published in
3 min readSep 6, 2021

Reminder about $BCDT

Essential for the issuance of each certificate on the Ethereum blockchain, BCDT is the fuel for the EvidenZ ecosystem. It is an utility token: for each certification, a part of the BCDT used is burned, reducing its total supply de facto. 40M BCDTs were issued during an ICO in January 2018: no more BCDTs will ever be issued.

This TX is historical:

https://etherscan.io/tx/0x4334782425b736c38412c4404b5226148217308041fc695afcd764e6cf1804cb

Indeed, this is the first time that EvidenZ has destroyed such a large amount of $BCDT in one TX.

Over than 15 000$ worth in $BCDT, corresponding to the 107 718 $BCDT burned. This is about 60 000 certificates.

A win-win situation

EvidenZ team always think about the futur. This is why we also proceed to buyback the token on the market to make sur we will never run out of $BCDT.

https://etherscan.io/tx/0xc365a3d6a4dbd572bfd44f29a8fc6837e5d35edd335c6b7b9f6cc925477ed3dd

Our max supply decreases

For the first time, our supply decreases by 4% of his initial supply. It might sound “not that much” or “not enough” but remember that our supply is very limited and our burning rate is still 25%.

Adoption is a key aspect of EvidenZ, and several mechanisms are in place to facilitate its use,notably:

  • 1- A total tracability of the information stored in a decentralized way
  • 2- A maximum level of security of the data and programs

Who is this brand-new issuer?

We won’t communicate about our partner identity yet. The partner wants to be the first to communicate about it. We worked under NDA (non-disclosure agreement).

Also, a communication of this type has much more weight when it is at the initiative of the partner. So, until then, we want to thanks him for his trust.

Thank you for your attention!🙏

More information:

The ultimate certification technology on the blockchain: https://www.EvidenZ.io

Check out our socials

Twitter:
https://twitter.com/MyEvidenZ
Telegram:
https://t.me/BCDiploma 🇬🇧
https://t.me/EvidenzJapan 🇯🇵
https://t.me/EvidenzDubai 🇦🇪
https://t.me/EvidenzFrench 🇫🇷
https://t.me/EvidenzIndonesia 🇲🇨
https://t.me/EvidenzVietnam 🇻🇳
https://t.me/EvidenzGreece 🇬🇷
Reddit:
https://www.reddit.com/r/EvidenZ/
https://www.reddit.com/r/BCDT/

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