Hello HODLers!
I'm excited to share with you this update about the resumption of $XTM burning!
As you may recall, this process was temporarily halted due to the Poly Network exploit that occurred on July 2, 2023. Torum Team has taken the necessary precautions and is now ready to proceed! The $XTM burnt today has been accumulated from Torum Gifts received during the months of July and August.
For more information regarding the exploit and its aftermath, you may refer to The Poly Network Hack Decoded: Comprehensive Insight, Response, and the XTM Token Swapping.
Token Burning
A total of 61,415.385 $XTM have been successfully burnt and removed from the circulating supply of $XTM for the month of June.
A total of 1,687,120.165 $XTM have been burned so far!
Proof of Burn
https://bscscan.com/tx/0x8f8301092ebc328b8143f0a23aca44c138b4d6f97808207f7ae111445aa74a28
Here is a brief explanation of the origin of all the $XTM:
Source №1
- Gathered from: Torum Gift Mechanism (from 26th June to 25th August).
- Amount gathered: 42,108.265 $XTM.
Source №2
- Gathered from: Accounts that were banned (from 26th June to 25th August).
- Amount gathered: 19,307.12 $XTM
Note: These accounts have been banned due to them breaking the rules of Torum.
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Thanks,
Keep Calm & HODL.
MakeItReal
