IOST Mainnet Token Burn | 155 Million ERC-20 Tokens Successfully Burnt

IOST Foundation
IOST
Published in
2 min readMay 9, 2019

IOST Mainnet Olympus v1.0 was officially launched on February 25, 2019, followed by mainnet token swap programs carried out by IOST Foundation together with exchange partners such as Binance, Huobi, OKEx, Bithumb, UpBit, BigOne, BISS and many others.

155,474,906 ERC-20 tokens were burnt by the Foundation yesterday, marking it the sixth batch of IOST ERC-20 tokens successfully burnt.

Token Burn Records

  • First Round: 2,170,000,000 IOST ERC-20 tokens successfully burnt on March 7.
  • Second Round: 5,135,325,031 IOST ERC-20 tokens successfully burnt on March 8.
  • Third Round: 1,554,755,204 IOST ERC-20 tokens successfully burnt on March 13.
  • Fourth Round: 2,082,946,604 IOST ERC-20 tokens successfully burnt on April 10.
  • Fifth Round: 494,671,677 IOST ERC-20 tokens successfully burnt on April 26 and 29.
  • Sixth Round: 155,474,906 IOST ERC-20 tokens successfully burnt on May 8.

Sixth Batch Transaction Records

https://etherscan.io/tx/0x3de2e8989655248a225a18739f3d1c37c9cbad4bf00867320ad73a2f185dbe41

Olympus v1.0 is now running steadily with over 230 Node candidates, reaching 14,567,874 block height and 44,451,775 transactions as of 17:24:42 on May 8, 2019 Beijing time.

Token Swap Program In Full Swing

The mainnet token swap program is now in full swing. IOST Foundation will share information relating to ERC-20 token burn with our community in a timely manner and would like to invite all users and supporters around the world to witness and provide oversight.

Join The IOST Community!

In less than two months after the launch of mainnet, IOST has officially become the big 4 public chains alongside Ethereum, EOS and Tron. With exciting new developments such as OnBlock and other user adoption programs in the pipeline, IOST is excited to work hand-in-hand with developers and our community to build the world’s first scalable AND decentralized blockchain project and create global blockchain transformation.

If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:

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