Carry out ANL and ANX Burnings

Regarding to carry out ANL and ANX Burnings

The burning process of the tokens will take place in four steps from January to the end of April 2020.

This time, the second burn would run following the end of last month.

Execution date: Feb 29, 2020
Execution currency: ANL and ANX

Our Plan for ANL Burning:

  • The end of Jan: Burns of 4.2 billion ANL
  • The end of Feb: Burns of 1.05 billion ANL
  • The end of Mar: Burns of 1.05 billion ANL
  • The end of Apr: Burns of 1.05 billion ANL

5.25 billion ANL gets burned for the second time
 3.15 billion ANL remaining
(Totally issued: 8.4 billion ANL)

Our Plan for ANX Burning:

  • The end of Jan: Burns of 2.1 billion ANX
  • The end of Feb: Burns of 700 million ANX
  • The end of Mar: Burns of 700 million ANX
  • The end of Apr: Burns of 700 million ANX

2.8 billion ANX gets burned for the second time
5.6 billion ANX remaining
(Totally issued: 8.4 billion ANX)

Supplementary Note
Partnering with other companies’ projects would be collaborating one after another as a Token-sized platform from this day forward.
As a result, more users and more transactions are expected, but supply would decrease.

The situation would as following.

  • More people request (demand ↑)
  • The number of sheets decreases steadily (supply ↓)

Therefore, the situation can potentially let the price of each currency gets increased easily.

Note: This does not necessarily mean that the price would go up. We are just controlling the situation to let the price of currencies gets increased on up-trend.

After next month, we will launch the major updates and new content will be released along with the associated marketing gets operated.

Thank You.

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