Dear Tokonauts,
The TKO Foundation has initiated the TKO Quarterly Burn for the second quarter of 2024. This burning process will be conducted in phases, with the first scheduled for September 23, 2024, and the second phase on September 25, 2024.
You can find detailed updates on the TKO burn here:
1. Phase 1 (50%), September 23, 2024: 158,222 TKO tokens will be burned. (See here)
Supply Update:
- Total supply before TKO burn Q2 2024 phase 1: 496,727,642.66 TKO
- Total supply after TKO burn Q2 2024 phase 1: 496,569,420.66 TKO
2. Phase 2 (50%), September 25, 2024: 158,222 TKO tokens will be burned. (See here)
Supply Update:
- Total supply before TKO burn Q2 2024 phase 2: 496,569,420.66 TKO
- Total supply after TKO burn Q2 2024 phase 2: 496,411,199.66 TKO
The total amount of TKO tokens burned is 316,443 TKO, equivalent to 10% of Tokocrypto's revenue proportion based on trading volume from April to June 2024.
Thank you for your support!
TKO Foundation
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