New Tokenomy 3,144,031,988 MXX Burn Complete

Multiplier
1 min readDec 7, 2020

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Multiplier has completed a 3,144,031,988 MXX burn in accordance with our previous announcement.

New MXX and bMXX Tokenomics

Phase 1:

Burn 5.574 Billion MXX Tokens to achieve a desired supply of 3.19 Billion MXX.

  • A total of 2.05 Billion MXX (Foundation) has been burned on 23 November 2020 (completed)
  • A total of 2.65 Billion MXX (Reserves) has been burned on 30 November 2020 (completed)
  • A total of 0.874 Billion MXX (SSB allocations) has been burned on 07 December 2020 ✓

https://etherscan.io/tx/0xfa2e66e4d46c793b21e6d49e997a3ebb879d046ff26674299aa4d0937ba17dd1

Phase 2:

2.27 Billion MXX has been burned, and a corresponding 22.7 Million bMXX will be minted in accordance to the bMXX release schedule (conversion rate 100:1).

https://etherscan.io/tx/0x66a9f21d3647df54897160a6e9eaa08e398747d724b2835c762c147ae969c59f

  • A total of 0.706 Billion foundation MXX tokens will be converted to 7.06 Million bMXX ✓
  • A total of 1.564 Billion reserve MXX tokens will be converted to 15.64 Million bMXX ✓

*20 million MXX has been provided by foundation for liquidity.

MXX Contract Link:
https://etherscan.io/token/0x8a6f3bf52a26a21531514e23016eeae8ba7e7018

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Multiplier
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