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TechFlow reports that the Litentry team announced on social media their plan to burn 377,800 LIT tokens in Q4. They stated that a referendum will soon be launched, allowing community members to vote until block 3,793,705.
Notably, this marks the fourth of eight planned burning events by Litentry, where 377,800 LIT tokens will be transferred from an Ethereum address controlled by the Litentry Foundation to the Litentry parachain.
The Litentry team announced on social media that it plans to burn 377,800 LIT tokens in the fourth quarter. They stated that a referendum will be held soon, allowing community members to vote until block 3793705. This marks the fourth of eight planned burning events by Litentry, during which 377,800 LIT will be transferred from an Ethereum address controlled by the Litentry Foundation to the Litentry parachain.
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