TechFlow news, October 25 — According to an official announcement, AlienXChain has unveiled a large-scale token burn initiative called AIX BURN MOON, aiming to burn up to 250 million AIX tokens within the next 30 days, representing 25% of the total supply.
As per AlienXChain's announcement, the burn plan consists of two main components:
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200 million AIX tokens will be burned from the team's allocation, amounting to 100% of the team's share and equivalent to 20% of the total supply.
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50 million AIX tokens will be burned from the community ecosystem, accounting for 5% of the total supply.
The AIX BURN MOON mechanism will commence on October 25, 2024, and run for 30 days until November 24. During this period, if either the AIX price increase or the number of transactions on the AlienXChain mainnet triggers the BURN MOON conditions, up to 2% of the AIX supply can be burned daily. The cumulative maximum burn cap is set at 25%.
