724,494.566297 TRDO Tokens Burning Process Initiated

in #trdo5 years ago
Dear Steemians / Trendo'ians,
We (Trendo Network) decided to burn 33.33% tokens (724,494.566297) of the Total Market Supply to stabilized the liquidity statues of the project. We are using this space to share our gratitude to @ali-h and @swapsteem who generously shared 600,000 TRDO tokens to this token burning process.

What We Wish To Achieve?

  • We wish to increase the market price of the TRDO token by keeping a low market supply which is already minting around 25% tokens when comparing to STEEM daily reward pool.
  • We wish this might increase the liquidity statues of the project and stake holders could earn decent amount of TRDO by staking them.
  • Less supply & High demand will motivate more Steemians to reward quality contents with TRDO as well.
  • This might be a good practice of our upcoming token burning processes as well.

Next?

  • We found few bugs that appear with TRDO Comment Bot Script and now planning to release a new version of the Bot Script which might resolve all those known bugs of the system.
  • The launch of TRDO Delegation Bot will be delayed and we are focusing more on Staking based Comment Bot reward distribution mechanism.
  • Due to the illness of @ali-h our CTO we had to delay most of upcoming projects under TRENDO network. But now we are back to the track.
  • We are planning to initiate another Bounty Program to reward Steemians who promotes STEEM at FaceBook.Com.

"Call TRDO, Your Comment Worth Something!"

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