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EgonCoin is Shining Bright!
Good Day EgonCoin Community!
We are starting the final quarter of 2024 with an important burn of 10,000,000 EgonCoin!
This public event will take place on
September 1, 2024
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It represents the first of several burns we have planned for the remainder of the year. Please keep in mind that EgonCoin is a deflationary coin, in fact a dual one at that as there is both an on-chain burn from part of transaction fees and the planned manual burn by core team every quarter from 2025.
This two-part burn ensures that total supply diminishes over time. Both type of burning permanently removes EgonCoin from circulation, thereby increasing the value of the remaining coins.
What does this mean for you?
π Increased Scarcity:
By dual burning of EGON, EgonCoin becomes rarer, which boosts its value.
π Reduced inflation:
By lowering the supply, we help combat inflation and ensure the long-term stability of EgonCoin.
π Enhanced security:
A smaller supply makes it more difficult for malicious actors to manipulate the market.
ποΈββοΈStronger community:
Burns display our dedication to the long-term success of EgonCoin and help build trust within our community.
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This burn is only the beginning!
We are dedicated to adhering to the burn schedule outlined in our whitepaper, and we are happy to announce that another important burn will be happening soon!
π±Stay tuned for further updates on this thrilling development!
Join us on this journey to create a truly decentralized and prosperous future with EgonCoin!
EgonCoin:
Fueling Growth, One Burn at a Time.
π°EgonCoin Teamπ°
