On September 27th, 2019, the IRIS Foundation completed the 2nd IRIS token burn under a one-year token burning plan with 14,304,888 IRIS burned. The current total supply is 2 billion IRIS.
This burning involved two addresses, namely:
The main address of eco-development funds: iaa14tynuu49qx85re9kjfcx0uukdazk8jedlmeqt0.
5,696,910.00 IRIS has been burned.
The address of delegated rewards of eco-development funds: iaa1yfqfqspjktk7gvyf3paqys88edy8m9vwptm9lk.
8,607,978.00 IRIS has been burned.
The details of burning can be checked from IRISplorer:
- https://www.irisplorer.io/#/tx?txHash=A31258889ACA0BFA3ECEFE6B3185C02FBDAB2D61BA247726CE0D1CC83D0E995E
- https://www.irisplorer.io/#/tx?txHash=64E306246EFCE4893BD87E4114E80664324C39263E91E3DD3C9878290EC2D4E6
Before burning:
Total Supply: 2,014,304,888 IRIS
First Burn: 5,696,910 IRIS
Second Burn: 8,607,978 IRIS
After burning:
Total supply: 2,000,000,000 IRIS
Relevant information
IRIS Foundation Announced a One-year Token Burning Plan
On June 5, 2019, the IRIS Foundation announced a one-year token burning plan with the goal of encouraging continued support within the development of the IRISnet ecosystem. As the plan entails, the Foundation will burn IRIS tokens (amount adjusted for inflation) within the first year after launch. This dynamic order is intended to help maintain a fixed supply of 2 billion IRIS tokens after each token burn.
- the public token address of IRISnet: https://github.com/irisnet/iris-foundation/blob/master/iris-public-token-address.md?source=post_page-----3fe17816ea38----------------------
Official Channels
Email: Service@irisnet.org
Official website: https://www.irisnet.org/
Twitter: https://twitter.com/irisnetwork
Medium: https://medium.com/irisnet-blog
