March 2022 Burn
We just completed our March 2022 MOBI Burn — the last 🔥! This month we burned 3,154,706 MOBI up from 2,678,350 MOBI last month! The burn this month is equivalent to 0.36% of the total supply. The MOBI were sent to GA74G4TQFHSCYKQB5BPBOXC7NUWODMLPPAPOUNN2527NALOFKUA5UMWU, an account with only 1 signer that has a weight of 0 and thresholds of 1 meaning the account is locked and the MOBI are unmovable.
If you are new to Mobius and our monthly burn you can read about why we’re doing it in our announcement post Tokenizing Stocks and MOBI Burn. In short, as we look into a unified global market with tokenized assets (stocks and beyond), one aspect we are researching is how to achieve instant settlement. In order to experiment with a real world ecosystem we are testing burning a number of MOBI tentatively each month through May 2022. The number of MOBI burned is based upon Passfolio’s revenue and usage (users, trades, etc) but we’re not publishing the algorithm used to calculate the number and it is subject to change as we develop the technology.
If you aren’t yet a Passfolio user you can signup up through this link that will give you up to $100 in free stock* and then you can share your referral link with friends and earn even more!
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Passfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc.
Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services.
