COS Token Burning #5 Announcement
Dear COSers,
Following our long-term burning plan for COS tokens, we will conduct our 5th token burning tomorrow.
Token amount to be burned: 18,422,553
Token burning date: 1st October, 2021
Source of profit: VEST Loan Bidding Fees, Video NFT Minting Fees, COS.TV Ad Revenue, COS.TV Gifting Votes Revenue, Fans-Only Content Revenue
Total COS token supply after burning: 9,957,264,019.6
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 burn transaction takes place.
Transaction: https://explorer.binance.org/tx/24C5DC387622826DF9543EC546D97970F9846A16A78FED500BAB97628EAA2D71
*The next token burning event will be conducted at the end of Q4 2021.*
