How is that number calculated?
We started with a total supply of 1,000,000,000 tokens.
The protocol has bought back and burned roughly 23.9M tokens, reducing the actual total supply to about 976.1M.
On top, another ~127M tokens have been sent to the 0xdEaD address, making them effectively inaccessible.
Combined, roughly 150.9M tokens (about 15.1% of the original supply) have been removed from circulation.
Source:
https://t.co/xG4besn3Uy
https://t.co/oCLsWn5eVK
Over 15% of $SPLIT burned in under 12 hours.
Next step: 20%
Stay tuned for a bigger post later today explaining more in detail how https://t.co/ALzi4JoRLt works and why it's not just another launchpad.
We're finally live!
Thanks for all the support today. It means a lot to both of us. We're working behind the scenes.
Anyways, here's how Split works:
You get your friends, invite them to your launch room by sharing a link. Think google docs: everyone sees each others cursor and you configure the token live together. Set the wallets and percentage of fees everyone receives.
Creator fees from tokens launched on Split:
80% goes to token creators.
10% buys and burns $SPLIT.
10% goes to treasury.
To speed up the burns, for our own platform token, we decided on routing 25% of the all fees to buyback and burn as well.
On top of that, @zenyxthedev and I, decided to buy back and burn $SPLIT with 50% of our personal creator fees. That's another 27.2M tokens (2.72%) gone forever.
If you have any suggestions for new features you'd like to see, let us know. We value your feedback a lot.
Splitmode.