Q4 2021 Token Removal Report
The token removal for Q4 2021 has been completed. We took out approximately 6,802 $PUNDIX and 1,093,702,580 $PURSE tokens from their respective total supplies. Starting from the launch of Pundi X Chain in October 2021, the token removal mechanism of $NPXSXEM followed $PURSE’s BDL model as $NPXSXEM migrated to $PURSE.
After the Q4 token removal, the total supply of PUNDIX is now 258,470,713 and the total supply of PURSE is 63,085,607,782.792603.
The proof of execution is listed as follows
$PUNDIX Q4 2021 removal transaction: https://etherscan.io/tx/0xc74f59ac8b6fd91f6bb4f208cf6b9ef333fc6bd1ab2fac24b383c63dc6abfed8
$PURSE removal amount is 1,093,702,580 as of 15 Jan 2022. You can always check the live removal amount at https://pursetoken.com/
$PURSE removal is constant based on the “Burn, Distribution, Liquidity” (BDL) model after migrating to Binance Smart Chain. For every transfer to a non-whitelisted address, 10% of the transfer is burned, 5% goes into a redistribution pool to be distributed to all existing $PURSE holders, and 5% goes to the liquidity pool. The distribution will be made in March 2022. Please also note that $PURSE is not meant for trading or speculation. It’s a reward token that holders can redeem NFTs, XPOS devices, coupons and other services/products.
2022 quarterly token removal schedule
The team has removed token supply since 2018. As of today, we’ve removed tokens worth over USD$52 million.
Below is our 2022 token removal schedule. The schedule is subjected to change. To follow our compliance policy, we will only announce the token removal after we execute it.