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ELEF Token Update: Week 9 Burning

  • NyL
  • Apr 8, 2022
  • 1 min read

Updated: Apr 9, 2022


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Hi ELEFbody!


We’re on Week 9 of our token burning and we would like to inform everyone in the community that we have burned 1,000,000 ELEF Tokens this week with a total of 9 Million ELEF tokens for 9 weeks.


This is what we call Cryptocurrency Burning, which is a way to protect your investment and to ensure that the value of our token stabilizes. It is the process of removing tokens (also called coins) from circulation, which reduces the number of tokens in use. The tokens are sent to a wallet address that cannot be used for transactions other than receiving the tokens. The wallet is outside the network, and the tokens can no longer be used.

For everyone’s protection and best interest, will continue to burn the same amount weekly for the 1 month or when we have achieved stability.


4 Comments

Crizeus Carlos
Crizeus Carlos
Apr 11, 2022

Thank you for this update Elefbody team to the moon 🚀🚀

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nimfaperez11
nimfaperez11
Apr 09, 2022

Thanks ELEF World for ensuring the value of our token as well as our investment.

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winifred.perez29
winifred.perez29
Apr 09, 2022

Thanks for keeping your promise

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palermobryan0
Apr 08, 2022

Thank you elef world for taking care of our token value😍

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