NFTs Foundation — Token Burn

NFTs Foundation
2 min readNov 1, 2020

In accordance with our published token economics, we will burn all unsold token.

TOKEN BURN

In accordance with our published token economics, we will burn all unsold token. We want to ensure that all token burn activities are carried out in an open and transparent fashion, that’s why we are upcoming you today. The first token burn was executed on November 1th 2020, where a All Unsold Token In Private Sale Allocations ( 21,434.625 NFC ) was burned.

Overview NFC Token ( Nov 1st 2020 ):

  • Token Burn: 21,434.625 NFC
  • New Total Supply: 353,565.375 NFC

The NFC Token burn record is public on the blockchain.

Transaction id:
https://etherscan.io/tx/0xfc3fbc4cd58ca9cd19766646ed0fe13c6648346c9ebc419ce1c5267da70a7f7b

You can also see the reduced total supply:
https://etherscan.io/token/0x9db4764c1f9bc8280cac9103daa66b164bdc45e5

PRIVATE SALE RECAP

NFC tokens have been available for purchase in the NFC Private Sale since its launch in Oct 28th 2020 And Closed Oct 30th 2020. During that period, although not too many people participated but we got an outside community, and contributed to the maximum, during that period we collected 26 ETH.
We have decided to use the fund as the first liquidity fund at Uniswap and we will lock it.

PUBLIC SALE

We would like to thank everyone who contributed to the private sale and look forward to opening the public sale on Nov 2nd 2020 — Nov 10th 2020. We eagerly invite anyone who is interested to participate. The public sale is open to everyone.

Public Sale Token Distribution

  • Token Supply : 225,000 NFC
  • Price : 1 ETH/100 NFC
  • Min Contribution : 0.2 ETH

Beware of Fraud, anyone can create fake tokens !! We’ll sending you details on how to contribute on Nov 2nd 2020. Don’t Make Any Purchases Before We Announce !!

--

--