FOXT tokens getting burned

Yes, that means that there will be fewer FOXT tokens each time a transaction is made. A part of the FOXT that are received from the Auto Trading purchases are being burnt, the same will happen with future Trading Pool commissions. 

During first months we're going to burn between 15 and 25% of all FOXT tokens used on the platform. After that, depending on the number of transactions made on the platform, the percentage of token burned will be increased to 35-50% in order to limit access to our exclusive platform.

The burning process started on 12th February 2019, with an initial supply of 9,250,000 FOXT. 

You can check the amount of tokens already burned here: https://foxtrading.io/foxt-token#about

Did this answer your question? Thanks for the feedback There was a problem submitting your feedback. Please try again later.

Still need help? Contact Us Contact Us