EXMO Complete Second Native Token Burn

EXMO Complete Second Native Token Burn

EXMO have completed the second-ever burn of their native token, EXMO Coin (EXM).

EXM first launched back in July 2019 over a staggered release which saw the platform conduct 3 IEO rounds before the coin officially hit the market. Although the token is way down the list on Coinmarketcap, it does have special privileges for those who hold it and are EXMO traders. Notably, lower fees and special voting rights otherwise not experienced by those who do not hold the asset.

Back in January, the token experienced its first burn where
354, 291 EXM tokens EXM
were burned. However, as per the token’s whitepaper, a burn will happen every quarter, until 50% of the total turnover of the issued funds remains – which is around 1 billion.

With the end of the first quarter of 2020, yesterday the platform announced they had conducted the second ever burn of their token. As a result of this, the platform burned 954,160.21 EXM which you can read full details about via a link on their website.

If you are keen to learn the particulars or want to invest yourself, go to EXMO here now!

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