Burn & Buy-Back Report: Q3 2023
Numbers team completed the 7th quarterly Burn and buy-back plan on October 1, 2023. A total of 6,000,000 NUM has been removed from circulation.
Total NUM supply has decreased from 489,923,767 NUM to 483,923,767 NUM (CMC will be updated soon). This quarter, burnt NUM tokens were collected from different sources and were removed from the Liquidity and Ecosystem lot. We will keep running the Burn and buy-back plan until we burn 100% of all the NUM (500M) and release all related burn activities in the quarterly Burn and buy-back report. To learn more about the burn mechanism, please visit : https://github.com/numbersprotocol/community-support/issues/283
The following is the full detailed summary of NUM burning.
Burn summary
Token burnt for Transaction — 6,000,000 NUM
- Transaction committed on mainnet from June 27, 2023 to September 28, 2023: 158,229
- Total NUM burnt = min(max(158,229, 6M), 25.5M) = 6,000,000
Token burnt for DAO meeting -N/A
The 5th DAO voting is scheduled in Oct, 2023. Hence, the tokens pledged for the voting will be burnt in the next quarter.
Transaction information for NUM burnt
- Approximate value in USD: ~$ 120k USD
- Transaction ID (TXID) for NUM burnt:
Burnt 6,000,000 NUM, Tx:
https://mainnet.num.network/tx/0xf9165acbe19a7da9662aef25b70ecefa9b4af5f545f5ce57d6a11d1180506392
Thank you very much for your continued support. We would only have gone this far with you. If you have any suggestions or concerns, please contact : service@numbersprotocol.io. We will continuously grow the project and make Numbers Protocol the foundation of the future Web 3.0 world. Stay tuned for more news on our Telegram.
About Numbers Protocol
Numbers Protocol provides content verification for AI-powered companies and creativity tools. It offers efficient and low-cost digital provenance infrastructures and decentralized storage, which not only enhance trust in digital content but also provide a pathway for innovative content monetization strategies. Products including:
- Capture Cam: A secure camera technology captures, signs, and seals critical details in every photo or video, such as date, time, location, and the true pixels captured.
- Capture Dashboard: Decentralized storage facility for all images taken on Capture Cam but also a depositary for you to upload original authentic images.
- Capture Eye: All images are verified and secured on the blockchain, protecting asset rights, proving authenticity and being transparent with edits, changes to digital media using Capture sign.
- Numbers Blockchain: A digital media library and indexing system that allows anyone to create on-chain proof of digital media files. We aim to provide media consumers with the full picture.
- Numbers API: Register and receive multiple assets using a simple API. Our friendly interface makes it easy for developers to create network applications.
- Numbers Search Engine: Google for digital media.
Boasting the highest multi-network asset coverage, reverse-image search, dedicated asset profiles and AI-powered similar image results. Provenance of digital media can be found– ideal for general queries and vetting.
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