KEY TAKEAWAYS
- aelf successfully completed the burn of 295,519,800 ERC-20 ELF tokens as part of its Mainnet swap process.
- This strategic burn aims to enhance the token’s ecosystem by reducing the total supply.
- aelf emphasizes transparency and community involvement by inviting global users to oversee the token burn developments.
aelf has announced the successful completion of its planned burn of 295,519,800 ERC-20 ELF tokens. This move was part of the Mainnet swap process, as previously outlined in their notice. The burn was executed to enhance the token’s ecosystem by reducing the total supply.
The transaction details for the burn are as follows: the total number of ERC-20 ELF tokens burned is 295,519,800. The transaction IDs associated with this burn include:
- 0xe2edff3da5982429916f886622744392264adfe4a0bd3eed87f279caffd6b60f
- 0xe3717b07f4b7b832edee2654b7a6ae902f3892d14cf3c6cbf3a4ee62d21af660
- 0xa05cf72a009ea47b9a4743e662bb2889caafb5be058f9e7d40fc7bb3579afb20
- 0x92c072a684c49be2028353e1b5db9b94e93fe6e9ba699960e5abd8d6499fd8dd
- 0x3977d0f6bda13ef63f4b80568b04f92a35e9234fc69874cf63632dd4c83c7a48
The tokens were sent to the burn address 0x0000000000000000000000000000000000aedeAd, effectively removing them from circulation. This strategic action is part of aelf’s ongoing efforts to manage its token supply and enhance the value of its ecosystem.
Community Engagement and Future Plans
aelf has committed to keeping its community informed about the progress of the ELF ERC-20 token burn. The organization invites global users to observe and oversee these developments, ensuring transparency and community involvement in its operations.
For more details on the token burn, you can view the official announcement here.
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