Round 3 — April 2021 Token Burn Update — Morpheus Labs

Dear Morpheus Labs Community,

In accordance with our latest tokenomics update, we will be facilitating a token burn of 5,000,000.00 MITx to the Burn Address ( 0x000000000000000000000000000000000000dead) on 4 April 2021.

The new token total supply will be 723,999,995.00 MITx as at 4th April 2021.

Upcoming token burn schedule

4th Burn (4th Jul 2021): 5,000,000.00 MITx

5th Burn (4th Oct 2021): 5,000,000.00 MITx

6th Burn (4th Jan 2022): 4,000,000.00 MITx

7th Burn (4th Apr 2022): 4,000,000.00 MITx

8th Burn (4th Jul 2022): 4,000,000.00 MITx

9th Burn (4th Oct 2022): 1,999,995.00 MITx

Therefore, the upcoming Token Burn Schedule of 23,999,995.000 MITx will complete its burn schedule by 4th Oct 2022, resulting in the Total Supply of 700,000,000.00 MITx.

For more information about our tokenomics update, please click here.

FAQ

What is a token burn?

A token burn is a process of sending a number of tokens to a wallet address — commonly referred to as the “black hole” — where the private keys are unobtainable by anyone. This process…