Big News: Announcement of coin burn and new exchange on the next week

Nerves Foundation
Nerves Foundation
Published in
2 min readNov 5, 2018

Dear Nervesians,

This time can be considered as a golden time of Nerves when
a lot of good and big news continuously come to the investors. To satisfy the needs and expectations of the investors, the development team has been constantly working hard to bring all the best to the project. Today, we want to officially announce 2 news which will be held happened next week:

1. There will be 5 billion tokens burned (50% of total tokens)

As you know, the total supply of Nerves is 10 billion and the circulating supply of Nerves is 4.8 billion. This is a difficult decision of the development team but also a necessary one at this time. Decreasing the supply will ensure a great development in the up coming time. To come to this decision, the team had put aside their benefit and devote all effort for the trust of the community.

5 billion Nerves tokens will be burn in which:

  • Team & Advisor: 2 billion burned → 0.5 billion remaining (locked)
  • Angel Investors: 0 burned→ 0.8 billion remaining
  • Investment Funds: 1 billion burned →0.7 billion remaining (locked)
  • Foundation & Partner: 0.5 billion burned →0.5 billion remaining (locked)
  • Stakeholder: 0.5 billion burned → 1 billion remaining
  • Marketing & Airdrop: 1 billion burned → 1 billion remaining
  • Community Rewards: 0 burned → 0.5 billion remaining

Total tokens burned: 5 billion NER
Burning time: November 11, 2018

New total supply: 5 billion NER
New circulating supply: 3.3 billion NER

2. Nerves will be listed on a big exchange next week

The next good news we want to bring to you is that Nerves will be listed on a big exchange next week. The detail of this exchange will be announced shortly.

Hope you investors will have a booming & great time with Nerves.

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