Geodnet to Hold Token Burn

Name: Token Burn
Start: 2024-08-13T00:00:00Z
End: 2024-08-14T00:00:00Z

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Geodnet has announced the burning of an additional 100,000 GEOD tokens on August 13th.

Event date: August 13, 2024 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

GEODNET
@geodnet_

🔥Another 100,000 $GEOD Tokens Burned!

Burn means total $GEOD supply is permanently reduced. Accumulated burn is now 6,800,427.

Critical industries like agriculture, construction, drones, automotive and IoT find the GEODNET #RTK service valuable today.
#DePIN #Web3

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