ColdStack’s March Burn
Dear community members, we are happy to present you with the latest information on our $CLS token burn for March. As many of you likely remember, we recently announced that ColdStack would burn our platform revenue for the year of 2022. While our platform is still only just starting our push for adoption, we’re excited to be able to show you that between individuals and project integrations, our efforts are producing real results.
Burn Report
- Amount of Data Stored: 633.11 Tb
- Amount of $CLS Burnt: 8,047 $CLS
- Value at Current Price: $5,340 USD
Report Review
This current report includes the cumulation of our efforts since the beginning of 2022. So technically, this report includes the revenue from January, February, and March.
You can check our original announcement, and a full explanation of our platform’s burn mechanism here:
https://medium.com/coldstack/coldstacks-burn-mechanisms-b0a5d4e67965
Of course, for any token burn, it is important to be able to verify that the tokens have actually been burnt! Please feel free to check out the transaction ID here:
https://etherscan.io/tx/0x31d7d6b75319961e46dd10eadfcf492a34df1990bbeb93c189267f57fb9c67ce
While our adoption is not yet incredible, it is only the beginning of what is to come. We are actually handling around the same amount of data as the well-known decentralized storage network, SIA Given that our project only began our public beta around 3.5 months ago, and SIA has been in operation for 3.5 years, we see this as a great accomplishment.
We are confident that we will see even more adoption as integration increases, as well as the implementation of our Store to Earn staking program. Most importantly, our platform will have its full release on April 18th, which is one of the most critical factors in driving revenue!
The Start of Something Great
Being able to draw in revenue and spur adoption for our platform at this stage is something we hope our community can be proud of! ColdStack has even more in our roadmap coming up soon for everyone to be excited about. Our previously mentioned Store to Earn staking program begins its first stages of deployment on April 20th, and we plan to hold our anniversary lottery on April 25th. Please be sure to follow us on social media, so you don’t miss any updates!
Follow ColdStack:
Official website: https://coldstack.io
Twitter: https://twitter.com/coldstack_io
Telegram: https://t.me/coldstackio
Medium: https://medium.com/coldstack
