Dear MAX user,
The Bitcoin Block Reward halving event estimated to occur on May 12, 2020 reduces the reward per block mined by 50% from 12.5 BTC to 6.25 BTC and only occurs once every four years. We will burn 50 million MAX tokens (~10% of total supply) on May 20, 2020 to coincide with this event for our second burn.
Burned tokens will be permanently removed from the total supply of MAX Token which reduces the amount of tokens that can enter circulation. The total supply can be viewed here: https://etherscan.io/token/0xe7976c4Efc60d9f4C200Cc1bCEF1A1e3B02c73e7
By reducing the total supply of MAX token, it will become more scarce.
First burn: More than 90 million MAX tokens were burned on November 27, 2019. This amount represented close to 20% of total supply.
Thank you for your support
MAX Digital Asset Exchange
MAX Exchange / MaiCoin