Hot news, PlanetWatchers. We're one step closer to making burning a reality in the Algorand ecosystem.

24 May 2023, 14:30

Hot news, PlanetWatchers 🔥😎 We're one step closer to making burning a reality in the Algorand ecosystem! Since there is no default burning procedure in place, we had planned to open an ARC (Algorand Request for Comment) to seek community contributions. Following in-depth discussions with Algorand's tech team, we discovered an existing ARC that, among other enhanced capabilities around ASAs, already includes the much-anticipated feature of token burning Find out more about ARC 12 📁🔍 on github Upon reviewing all the specs, we're confident that ARC 12 is fully aligned with our requirements ⏱🗓 The deadline for contributions is May 30 💡🔛 We expect this development to be completed and ready for implementation in June After the introduction of the burning feature, our focus will be on upholding our commitment to token burning related to 🗳PW:GOV#5 (700M) & 🌳Stake for the Planet 2.0 (100 per tree NFT redeemed). A staggering 700,186,202 PLANETS are waiting to be removed from circulation Stay tuned for more and get ready... Burning is coming soon! 🚀💥 P.S.: The token supply will consistently be updated in a timely manner on both CoinMarketCap and Coingecko to reflect the burning activity.