We would like to inform that we are going to burn significant number of ALG tokens.
How many tokens will be burnt
During the ICO we have pre mined 75 000 000 of ALG tokens. After yesterday’s board meeting we have decided to burn 59 700 000 tokens.
Current number of ALG tokens: 75 000 000.
After burning – number of ALG tokens: 15 300 000.
Circullating supply after tokens burning: 6 900 000.
As you can see almost 80% of tokens will be burnt next week.
You can check our ALG token on etherscan.io.
When burning will take place?
We will burn tokens on next Monday, 19.08.2019. We will inform about the fact in separate announcement.
Burning tokens from sales
We will also inform in next 6-12 months about burning percentage of tokens from sales of Standard/PRO version of our app.algory.io. The number will depends on sales.