COS Token Burning #4 Announcement
Following our long-term burning plan for COS tokens, we will conduct our 4th token burning later today.
Token amount to be burned: 14,458,122
Source of profit: VEST Loan Bidding Fees, Video NFT Minting Fees, COS.TV Ad Revenue, COS.TV Gifting Votes Revenue
Total COS token supply after burning: 9,975,686,572.6
Token burnings will occur quarterly as the Contentos Foundation continues to receive income from VEST lending and more upcoming activities. We look forward to boosting the value of the Contentos ecosystem with our active community participants.
We will update the post once the burning transaction takes place.
*The next token burning event will be conducted at the end of Q3 2021.*