FESS First Token Burn Event Completed

Hello Believers,

The more is NOT always better.

And the same is the case with FESS Tokens. For we decided to burn a considerable amount of FESS tokens from our circulation supply. We believe it will bring more prosperity to the long term token value and also give a boost to the morale of the community.

A Quick Snapshot

Token Burn Amount: 3.65% of the Total Supply

No of Tokens Burned: 362,425,844.122 FESS

Updated Current Circulation Supply: 97,154,155

Check this here: https://etherscan.io/tx/0x59cf1f0826ca8c372d3a18a81191471896765939bcd938456c97b2ce4be3578e

Why this sudden token Burn?

There were several unused tokens during sale rounds and giveaways. We have already plans regarding a heavy token burn. So, it was not a sudden token burn at all. Though due to ETH network congestion issues this awaited burn event definitely got delayed a bit.

Was it Important?

Yes, it was important in order to sustain the demand and supply equilibrium of the Tokenomics and for the sanctity of the Token price.

Note: The data might take some time to update on Coinmarketcap and Coingecko. So, checking the updated supply in a day or two will reflect the correct data

More Positive news are on their way. Stay Tuned!