While there are a lot of things we need to write about over the coming few days, let’s kick this day off with some more news regarding the BlockNet ITO sale. In our previous article, we mentioned how both Bter and CoinGateway still needed to destroy remaining tokens, and we have an update in that regard!
Bter has now officially destroyed all of their unsold BLOCK. A total of 1,771,072.99949217 BLOCK has been destroyed, spread out over several transactions. All of this funds has been sent to an unspendable address, which can you can find here.
The current total money supply for BlockNet ITO tokens is 3,876,925.04 BLOCK. I do mention “current money supply”, because there is still some unfinished business where CoinGateway is concerned, which will be resolved in the next few days.
CoinGateway still holds about 5 Bitcoin worth of unburnt BLOCK, which is reserved for outstanding payments of purchases nade through the supported altcoins, entitling customers to a 10% discount. Said customers have until Friday to claim their discounts, after which the remaining BLOCK will be burnt by CoinGateway.