Token Burn

Activities

“Burning” crypto means permanently removing a number of tokens from circulation. This is typically done by transferring the tokens in question to a burn address, i.e. a wallet from which they cannot ever be retrieved. This is often described as destroying tokens. A project burns its tokens to reduce the overall supply.

We will conduct Token burn from time to time, it will not be everyday, but definitely we will burn it. We may put to vote with the community to decide the "when" and the "amount". This will give the community to decide collectively the burning exercise of Fuyoh Token.

Once we have burn it, the proof of burn will be published. All burning will be send to this address: 0x000000000000000000000000000000000000dEaD

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Burned Date: 16/12/2022

Burned Amount: 980,000,000

Transaction Details: https://polygonscan.com/tx/0x1db9ce915041a593fb4b46a81dbe2ce588e6bee974306cd024bbec73c7a0488e

This is first Burn - Note: We send 1,000,000,000 to burned, but seems 20,000,000 deducted as fees.