Wednesday, July 6, 2022
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Levolution – First Token Burn Completed on October 29th, 2019

by firstcryptonews
November 4, 2019
in Press Release
Levolution

Grand Cayman, Cayman Islands, October 30, 2019 –

Levolution is happy to announce that the first token burning event was completed successfully. As a commitment to provide full transparency to participants the following link shows the transaction hash that confirms the LEVL Token burning.

https://etherscan.io/tx/0x40ec9ec85e043b5466c59a496658f09baf71e5219a1af3cbb003a774bce29d7d

This is a common process among top ICO & ITO projects. The process involves Levolution taking available currency or unsold tokens out of circulation, reducing the total circulating supply. As part of its commitment to reach 190 million LEVL tokens burned, Levolution will be periodically burning approximately 50 million tokens every two weeks.

On the one hand, this ensures that no dilution takes place and at the same time it helps to protect participants. By reducing the number of circulating tokens, Levolution expects a strengthening of the Ecosystem.

Currently, Levolution is intensively integrating service providers to the platform who will accept the LEVL token as a means of payment and is focused on closing more partnerships with other independent service providers to build up the platforms service provider marketplace by year-end. In order to accomplish this, the token burning events are leveraged to guarantee a valuable token to all accepting parties and limit the number of tokens in circulation

The “Burning” process works by transferring the tokens to a so-called “eater-address”, being an irrevocable transaction. This wallet address can be viewed publicly to ensure transparency. Tokens sent there are permanently frozen. In addition, the Smart Contract has been programmed in a way that no more LEVL tokens can be generated. Thus, the number of tokens is fixed after the burning.

The Token burn schedule is as follows:

Event 1 – 50M LEVL Burned, Tuesday October 29th, 2019

Event 2 – 50M LEVL Burned, Tuesday November 12th, 2019

Event 3 – 50M LEVL Burned, Tuesday November 26th, 2019

Event 4 – 40M LEVL Burned, Tuesday December 10th, 2019

Through further progress of the project, adoption of the token as a means of payment, the on-boarding of more partners, as well as the launch of the MVP and later on the final platform, these events serve to increase the value in the long term. During the planning phase it was already clear that all unsold tokens would be burned to limit the quantity of available LEVL tokens.

If you aren’t a LEVL token holder, take advantage of this opportunity before the next burn!

 

Click here to purchase your LEVL token: https://www.coineal.com/trade_center.html#en_US or https://p2pb2b.io/trade/LEVL_BTC

For more information about the token visit: https://coinmarketcap.com/currencies/levolution/

About Levolution 

Levolution marries the latest blockchain technology with a groundbreaking ITO platform to aid blockchain startup companies in breaking through these barriers. Relying on social incubation and the team’s core internal competencies, the Levolution platform aims to help companies attack these barriers by sourcing innovative strategies from community members and ITO participants.

For more information, please visit: https://levolution.io/

Related Posts

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

by firstcryptonews
July 6, 2022
0

On June 20th, 2022, at 14:00 Korea Standard time (KST), GEEGOO PUZZLE’s GGP Token was listed on the global virtual...

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

by firstcryptonews
July 5, 2022
0

OnRamp emerges as the new payment solution powered by Coinweb’s blockchain-based technology Coinweb is proud to announce its fiat on...

Alternative Passive Income Streams As A Crypto Investor

Alternative Passive Income Streams As A Crypto Investor

by firstcryptonews
July 4, 2022
0

The crypto market can be very crazy. Today you are cashing out big time, and the next day, you could...

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

by firstcryptonews
June 30, 2022
0

The first Web3 lifestyle app that is urging people to improve their sleep and general health. There is no catch...

THE NAME THAT YOU SHOULD GET USED TO: METAU

THE NAME THAT YOU SHOULD GET USED TO: METAU

by firstcryptonews
June 28, 2022
0

METAU is a ready-to-deploy open metaverse platform designed by creatives and built to be accessible to all. It provides a...

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

by firstcryptonews
June 27, 2022
0

With the rapid development of the crypto industry, more and more high-quality projects are emerging. A new potential project needs...

Next Post
XRP Bulls Are Having A Hard Time Breaking Above $0.30 Despite Solid Uptrend

XRP Bulls Are Having A Hard Time Breaking Above $0.30 Despite Solid Uptrend

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

3 years ago
Porn Rocket

Porn Rocket to acquire intimate.io, ramping up the disrupter adult content platform’s growth

1 year ago
Interviewer Tough on Tron While Andrew Yang Owns the Podium at Consensus

Interviewer Tough on Tron While Andrew Yang Owns the Podium at Consensus

3 years ago
Crypto Markets Enter ‘Fear Territory’ As Bitcoin Bulls Strive For $9,000

Crypto Markets Enter ‘Fear Territory’ As Bitcoin Bulls Strive For $9,000

3 years ago
whitex

WhiteX Token

11 months ago
Onston

ONSTON Spurs on Metaverse Platform Development Via New Strategic Partnership with Inazuma Capital

5 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

June 18, 2022

Press Release

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

July 6, 2022

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News