From the looks of it, the BlockNet news stream is slowly coming to an end as all remaining loose ends are being tied up. As we reported a few days ago, CoinGateway still had around 5 Bitcoin worth of BLOCK left which could be redeemed by investors, and all of the remaining coins will be sent to an unspendable address.
As of yesterday evening, all of the remaining BlockNet ITO tokens on CoinGateway have been destroyed. These remaining coins have sent in one transactions to an unspendable address, which you can verify by clicking here.
As you can see from clicking that link, the unspendable address holds quite a bit of funds. Over 6 million BLOCK in fact, which is over half the amount that was originally intended to be put into circulation. I do love the fact all of this is publicly available to anyone in the world, which is one of the reasons why I hope more people will use the power of the blockchain in the future.
The total coin supply for BlockNet is 3,877,266.06 as of this writing. Do keep in mind there is an inflation of 3% per annum until the BLOCK is redeemed for Next HoriZon Assets. We will keep an eye out for when this will take place exactly.