Token burning is a well-known mechanism to limit the Total Supply. With burning the GHX’s team proved its own commitment to long-term project development and willingness to make GamerCoin a native token for gamers - especially in the times of metaverses. Burning also incentivizes project investors - with the same market capitalization and less tokens on the market, it benefits GHX hodlers.
The tokens came from various pools, mostly from the GamerHash TEAM pool - from Founders.
The process consisted of several rounds of token burning with a monthly interval which started on the 29th of December with 12,000,000 tokens.
GamerHash burned 72,000,000 GHX which is 8.1% of the total supply. It caused a decrease in the total amount of GHX from 880,000,000 to 808,000,000.
GamerCoin (GHX) is the first licensed (EU) token for gamers. Native utility token of GamerHash platform, used by over 660,000 users, who mine crypto with gaming PCs. We are focused on gaming, digital goods & NFT’s marketplace. More details