ChangeNOW Conducts First Burn Of Native Token

ChangeNOW Conducts First Burn Of Native Token

Exchange platform ChangeNOW has conducted the first burn of their native, NOW token.

The burn took place at the end of the last week and saw a significant number of 90166.1338 NOW tokens burnt. This was in accordance with the platform’s released Whitepaper of the NOW token which dictated that at the beginning of every quarter of the financial year, a number of their tokens will be burnt. Up until the point that the total supply of NOW tokens hits 100,000,000 NOW.

The nature of these burns sees the tokens burnt in their corresponding native network, i.e.e either, ERC20 or BEP20. The platform stated that from now on they now only burn NOW Tokens received for its services. According to ChangeNOW, this means that these tokens will specifically be NOW Tokens obtained during Asset Listing Campaigns.

ChangeNOW’s native token hit the market earlier this year at the end of April 2019. Before reaching an all-time high of $0.073049 USD, shortly after in June 2019, following a period of positive price surges in the cryptocurrency world.

However, the token recently hit its all-time low of $0.002705 USD just 9 days ago, in the same week as the burn took place. This came alongside a spell of a market downturn that rippled across the world of crypto. The market has since recovered and NOW has regained a current market price of  $0.003727 USD, up 2.12% at the time of writing, according to Coinmarketcap.

In the post detailing this latest burn, ChangeNOW stated they are “sticking to its roadmap and happy for the support that you are showing. Take care!”

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Cryptocurrency,Exchange Platforms,Kraken,UK

Crypto Facilities Receives MTF Licensing

A subsidiary of leading exchange platform, Kraken called Crypto Facilities has received a Multilateral Trading Facility (MTF) license from the Financial Conduct Authority (FCA). The obtainment of the MTF license makes them the first cryptocurrency company to hold this license and will allow them to expand its product range and better serve institutional clients that […]

7 July, 2020

EXMO Coin’s Third Quarterly Burn Completed

Last week, EXMO conducted the latest burn of their native, EXMO Coin (EXM). This was the third such burn of the token following its launch last year. Taking place on the 2nd July 2020, the event saw 2,092,034.65 EXM burned in accordance with the whitepaper of the token. As per the platform, “we commit to […]

7 July, 2020
Binance,Cryptocurrency,Exchange Platforms

Binance Now Supports PoS Staking

Binance has added a series of new features to their staking service thanks to new support being offered by Binance Pool. Thanks to the new updates, Binance have stated that it is now possible to stake more “high market value tokens as the PoS market” among other benefits to be rolled out for users. The […]

6 July, 2020
CFD Trading Platform,Plus500,Trading

CFD Highlight Events to Watch Out For This Week

Plus500 and Trade.com have both taken to their social media pages to inform users of the events they should look out for this week. The weekly heads up of the big events that will affect trading has been a regular occurrence from these CFD platforms over the last few weeks. These short and snappy lists […]

6 July, 2020
CoinEx,Cryptocurrency,Exchange Platforms

CoinEx List GNO and AST

In the latest in a long list of newly added tokens, CoinEx has expanded its service to include both AirSwap (AST) and Gnosis (GNS). The two tokens went live at the latter end of the last week, going live on Thursday and Friday respectively. Airswap aims to facilitate buying and selling of tokens and, as […]

5 July, 2020
Crypto Wallets

Guarda Set to Begin Mobile App 2.0 Beta Testing

The crypto wallet provider, Guarda are to set to launch the updated version of their mobile app. Ahead of this, they will be rolling out Beta Testing to ensure everything runs smoothly when it hits the market. This Beta testing will beckon in the 2.0 version of the app which will be available on both […]

5 July, 2020
Exchange Platforms

DeversiFi Post 5th Community Update

In a bid to keep their traders up to date with what has been happening, DeversiFi have posted Community Update #5 for players to read about their inner workings. The community update comes in the build-up to its 1st anniversary of their rebrand from their former entity, Ethfinex. Over the past year, the platform have […]

4 July, 2020
CoinEx,Exchange Platforms,Promotion

CoinEx Launch AYA Trading Competition

Yesterday, CoinEx launched a trading competition where 10,000 USDT can be won via buying and selling AYA. There is two part of the competition where those who trade the native token of the easy-to-use cryptocurrency supporting cryptographic signature, Aryacoin. Both of these launched yesterday and will run until the 10th July giving you are full […]

4 July, 2020