50 Million TLB to be burned
One of the largest token burn in history, an important step for the launch of The Luxury
Aligned with our belief, and with the $TLB launch just around the corner, we are ready for some important actions for our project. Here’s the first step.
50 million TLB will be burned according to the following schedule:
40 Million will be burned today, 1st June, 2021.
10 Million will be burned the day before the launch.
This will increase the circulating supply of TLB from current 2.2% to over 18%.
The remaining 50 Million TLB supply will be distributed as follows:
38 Million is currently locked in a smart contract till 2023.
3,644,392 TLB will be allocated to LuxLaunchpad.com for ecosystem development.
3,100,000 TLB will be allocated to TheLuxuryBank.com for ecosystem development.
3,100,000 TLB for the founders, a wallet that will be locked until 2022
2,155,608 TLB already in circulation
And that’s it.
100% ready to rock the worlds of payments, DeFi and NFTs in the luxury industry.