Aug 20

Burn, baby burn! 1.7% of the total $CDZ supply burned!

Burn, baby burn! 1.7% of the total $CDZ supply burned!

2 min read

Following on the massive success of CDzExchange’s Pre-IDO Launchpool, which had over $1.9M TVL at the time of closing, we wanted to show our appreciation to you, our community and all of the Pre-IDO Launchpool participants.

So, we’re taking the same amount of $CDZ distributed as rewards from the Pre-IDO Launchpool and BURNED them. In total, that amounts to a whopping 1.7% of the total $CDZ supply being permanently removed.

15,552,000 $CDZ Burned:

<text-h2>Why we’re the tokens burned?<text-h2>

We are already allocating 40% of the total $CDZ supply to distribute amongst the community over the next 2 years as rewards for staking and farming pools. In doing so, we are ensuring the long term health of the project as a priority.

Distributing a large portion of the total supply of $CDZ tokens to community members ensures that those who participate are rewarded, and they become direct stakeholders in the project’s success. This is also a key step towards transitioning CDzExchange to a truly decentralised exchange.

<text-h2>New tokenomics <text-h2>

As part of our roadmap, we have plenty more plans in the pipeline for burning mechanisms and deflationary tokenomics. This is just the beginning. Make sure you keep an eye on our socials for more updates dropping NEXT WEEK. Hodlers will not want to miss this announcement!

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