2022/10/13 MAX Token burn

MaiCoin

Modified on: Thu, 13 Oct, 2022 at 4:48 PM

Dear MAX user,

For the fifth MAX Token burn, we will burn 5,000,000 MAX tokens on October 25th, 2022. As a result, the supply in circulation will be 295,000,000 tokens after the burn. Based on the initial issuance of 500 million tokens, we have burned 41 % of the total supply to date.

Compared to the previous burn, which was composed of the reserve in the majority, tokens burned this time are solely from buybacks in the forms of withdrawal and trading fees. We look forward to actively burning to reduce the token supply annually.

You can find the latest total supply here - https://etherscan.io/token/0xe7976c4Efc60d9f4C200Cc1bCEF1A1e3B02c73e7

Thank you for your support,

MAX Digital Asset Exchange