Torum Token Burning Report — October 2023

Hello Landers! We’re thrilled to announce that Team Torum has successfully completed another round of $XTM token burning!

Token Burning

A total of 10,128.37 $XTM have been successfully burnt and removed from the circulating supply of $XTM for the month of October.

A total of 1,713,705.54 $XTM have been burned so far!

Proof of Burn

https://bscscan.com/tx/0x943706a0bd9a480dd698311178a3a9a5dbcc9975083d663d5369ee6414f026e6

Here is a brief explanation of the origin of all the $XTM:

Source №1

1. Gathered from: Torum Gift Mechanism (from 26th September to 25th October).
2. Amount gathered: 4614.59 $XTM.

Source №2

1. Gathered from: Accounts that were banned (from 26th September to 25th October).
2. Amount gathered: 5513.78 $XTM

Note: These accounts have been banned due to them breaking the rules of Torum.

10,128.37 $XTM sent to the wallet used by the team to burn tokens.

Out: Transaction №1 (10,128.37 $XTM sent):
https://bscscan.com/tx/0x553c69f5725f09832a0f78480e310fb84b656d36018a528762460610552ad023

If there are any further questions, feel free to reach out to the team.

Stay tuned for the next update!

About Torum

Torum is a Web3-driven SocialFi ecosystem that is specially designed to connect cryptocurrency users.

We make connecting with cryptocurrency users and accessing Web3 data easier.

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