April 12, 2024

Chain Of Legends Blog

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CLEG BURN | 2nd & 3rd Batch

3 min read

Token burn is an activity of burning a special part of the tokens or more technically sending them to the Null address! This means that the total supply of the token reduces after each burn.
This procedure happens each time for CLEG on the 15th of each month, and 70% of all CLEG players spend inside the game get burned during an aggressive token burn event. It all started on August 15th, one month after the game’s launch.
The total supply of CLEG was 1,000,000,000 CLEG. Now, after 3 successful consecutive burns, it reached 948,752,527 CLEG! These burns are the first simple deflationary method that our tokenomics endure maintaining the value of the token by decreasing the total supply. But, having a regular token burn system is also more effective than having a few total major burns.

2ND CLEG Burn
3RD CLEG Burn

https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FLB7gPj8vFmo%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DLB7gPj8vFmo&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FLB7gPj8vFmo%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtubeπŸ”₯πŸ”₯ #CLEG Token Burn / Second batch πŸ”₯πŸ”₯

βœ… 2ND CLEG Burn

πŸŽ‰ The 2nd token burn took place on September 17th and we burnt the #CLEG that players spent in the game from August 15th up to September 15th 🀩

🎯 This phenomenon caused a deduction in the total supply of $CLEG, the Native token of β€œChain of Legends”. Therefore, the supply of CLEG got more limited down to 965,983,365 CLEG!

βœ… In this event, 70% of the CLEG that players spent in the game, approximately 19.5 M $CLEG (175,000 USD), got burnt successfully!

🚒 This was the second port of #ChainOfLegends Ship and we’ll pass more of it each month, and each time we get closer to the destination! πŸ—Ί
β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€”
πŸ”Ή In case you are interested in details

πŸ‘‡ πŸ‘‡ πŸ‘‡

πŸ”Ή2nd Round
https://docs.google.com/spreadsheets/d/1jTGPdGgSPoGODWzqaJmpVmQr_ePfBykKbV1Oh7nBhqU/edit?usp=sharing

πŸ”Ή BSC TX
https://bscscan.com/tx/0x33d416f616cf49ecaf4a5ec57542d8d678c5bcfb4c9f4ac2995ee68ec59cc402

https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FB-0fl7tzu-0%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DB-0fl7tzu-0&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FB-0fl7tzu-0%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtubeπŸ”₯πŸ”₯ #CLEG Token Burn / Third batch πŸ”₯πŸ”₯

βœ… 3RD CLEG Burn

πŸŽ‰ The 3rd token burn took place and we burnt the #CLEG that players spent in the game from September 15th up to October 15th 🀩

🎯 This phenomenon caused a deduction in the total supply of $CLEG, the Native token of β€œChain of Legends”. Therefore, the supply of CLEG got more limited down to 948,752,527 CLEG!

βœ… In this event, 70% of the CLEG that players spent in the game, approximately 17.2 M $CLEG (108,000 USD), got burnt successfully!

🚒 This was the third port of #ChainOfLegends Ship and we’ll pass more of it each month, and each time we get closer to the destination! πŸ—Ί
β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€” β€”
πŸ”Ή In case you are interested in details

πŸ‘‡ πŸ‘‡ πŸ‘‡

πŸ”Ή3rd Round
https://docs.google.com/spreadsheets/d/1jTGPdGgSPoGODWzqaJmpVmQr_ePfBykKbV1Oh7nBhqU/edit#gid=573249003

πŸ”Ή BSC TX
https://bscscan.com/tx/0xbcfefa901e276fb4422788e2cae93c2e2bc1c8e37b98edf062fce8ca687e0ab7

More articles are about to get published, stay tuned …

πŸ‘‡ Join us, and together we grow πŸ‘‡

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