Jun 28, 2021
🔥LAVA Burns 84% of Token Supply!
🔥 LAVA IS BURNING EVERYTHING DOWN🔥
Lavaswap 2.0 undergoes the BIGGEST token burn in HISTORY!
84% of the total token supply will be burnt and gone FOREVER.
- Total LAVA — 100 000 000
- LAVA Burnt — 84 092 803.06
- LAVA Remaining — 15 907 196.94
- Current Circulating LAVA Supply — 14 907 194.94
- LAVA Locked— 1 000 000
đź”’VESTED LAVA
There is ~14.9 million LAVA in circulation right now. We are burning 84 million and locking 1 million. The address of the locked 1 million LAVA will be announced soon.
The 1 million LAVA will be used for strategic investors to increase the liquidity of the LAVA/USDT trading pair on Lavaswap.
⚠️ENDING iLAVA REWARDS⚠️
Rewards will continue until June 30th
We will be migrating HECO iLAVA to BSC. We will be decreasing the exit fee from 5% to 0% to help with the migration.
More details coming soon!
đź“Š Current LAVA Metrics
- Number of LAVA Holders — 73,524
- Number of LAVA Transfers — 722,387
- TOTAL on-chain transactions — 812 247
🤔🔥 What does it mean to BURN LAVA?
The burning of LAVA involves the permanent removal of existing LAVA coins from circulation. The practice of burning is quite common in the industry and is very simple. Token burning is a deliberate action taken by the creators in order to remove a certain number of available tokens from circulation. There are several reasons why tokens are burned. This is usually done in order to cause deflation. As the number of tokens decreases, scarcity increases. A certain number of tokens will be removed from the LAVA ecosystem and destroyed in order to ensure a deflationary economy.
iLAVA (HECO) DATA Highlights:
- Total iLAVA members — 758
- Total LAVA minted — 5 601 964.27
The burning of LAVA is a process that has already been in place. This is already being done to a small extent in order to maintain a deflationary LavaCoin economy.
📢 But it’s time to AMP THINGS UP!!📢
The LavaSwap Team will be removing a set number of LAVA tokens from circulation through burning and implementing some more unique features to the protocol and the token itself come Lavaswap 2.0.
Lavaswap V2 — New Economic Model
LavaSwap is launching a new economic model. LavaSwap V2 will be upgrading its DEX platform. LavaSwap plans to introduce strategic investors to change the current problem of “mine, withdraw and sell” in liquidity mining, and to maximize the benefits of LAVA long-term token holders and ecological participants.
LAVA is an interoperable decentralized cross-chain swap protocol powered by BSC. Since its launch, it has been actively exploring the best development model for the DEX market. After months of research and discussion, LavaSwap has a deeper understanding of the DEX development and community user needs. V2 will make new adjustments and upgrades on the basis of the existing economic model, and is committed to leading the DEX market in the new era!
