Demand Insurance: We burned 4,971,668 DEPAY today
We would like to inform you about a token burn we just performed today (on Monday, 31.01.2022).
According to our demand insurance rules set out in the DePay Whitepaper (section: “Control for Inflation”), we have executed a token burn in the amount of 4,971,668 DEPAY.
Official tokenomics data source updates will (e.g. Coingecko) be initiated today.
Sticking to our own rules is a core value of the DEPAY team.
Although we did not reach the goals in terms of number of integrators, we are calm about this fact.
Why? Because we believe that 2022 will be the year of Web3 Payments.
Backgrounds — from the DePay Whitepaper
DePay commits to a token utility demand-target originating from DePay PRO users.
If the target number of DePay PRO users is not reached, DePay will burn tokens proportionally to control inflation.
Download the DePay whitepaper here.
Proof of Burn:
🔥 Ethereum — 2,485,834 DEPAY: https://etherscan.io/tx/0x83ed564a1d3407834815b4f1f49e1efb89b5c13382c0ac8451a55cb12460c286
🔥 BSC — 2,485,834 DEPAY: https://bscscan.com/tx/0x7e8aaaf351d19b9353b2c25412963971adb27e78e76c53316939dd46d5c85349
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