Important Announcement Regarding simplyBrand Token Burn

Oleksandra Zavertailo
simplyBrand
Published in
2 min readApr 12, 2019

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simplyBrand, the world’s first online verification block-chain base platform, has announced that it will be conducting a token burn. The simplyBrand token sale ended on 27th March, 2019 and was listed on the COBINHOOD Exchange on 31st March, 2019.

After the end of the token sale, as promised, we “burnt” the unsold tokens. Burning tokens at this point — immediately after our token sale is to support SBA’s value increase as there were fewer available on the market.

On 12th April, 2019, we will burn the 58.16 million SBA tokens that were not sold during our pre-sale or public sale token.

After the token burning event, the new total supply will be 941 million SBA tokens

Total supply: 1,000,000,000 SBA
Burnt: 58,168,086 SBA
New total supply: 941,831,914 SBA

We reiterate our commitment to you, dear community. And we thank you all for your continuous support!!!

About simplyBrand

simplyBrand is an inclusive ecosystem combining artificial intelligence, blockchain and crowdsourcing to eliminate counterfeit products in digital commerce. simplyBrand enables people and AI to collaborate utilizing the unique features of blockchain technology to strengthen security in online purchases.

For more details, go to our website. You can also stay up to date with the latest news and announcements by following our Telegram, Twitter, Facebook, YouTube, Medium, LinkedIn, Bitcointalk, Reddit, and Discord.

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