The First $WELSH Burn Event Just Happened!

Welshcorgicoin
Welshcorgicoin Blog
2 min readFeb 4, 2022

Hello World! We are happy to inform you that the $WELSH Burn Event has just happened! That means 1 Billion WELSH tokens have just been burned, making this the first WELSH burn, and there are two more Burn Events remaining.

This burn event is especially meaningful in that it is executed with the Arkadiko contract. Arkadiko is our strong partner, and the burn amplifies the trust between Arkadiko and WELSH community.

You can check the proof and specifics regarding the burn directly on Stacks Explorer by following this link.

Before the event started, 50% of the total WELSH supply was held in the treasury wallet. With 1 billion already burned, the rest will also be burned periodically so there will be something to look forward to every month.

As promised, 20% of the total supply still remains to be burned, and a part of it will be burned on the same day next month. Also, the much-awaited additional incentives for WELSH liquidity pool tokens by the WELSH community are getting ready. Thank you for your interest.

We are proud to have such a supportive community and we are looking forward to celebrating the exciting milestones ahead together with our community. We hope you will be joining us on this adventure as we burn more tokens over the following months.

We wish you all an excellent Stacks Summer and a fantastic rest of the year.

https://twitter.com/welshcorgi_coin/status/1489498968870453249

Follow Welshcorgicoin official channels for upcoming updates.

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Welshcorgicoin
Welshcorgicoin Blog

Welshcorgicoin ($WELSH) is Stacks’ cutest ambassador. It’s community-owned and fun!