briefly:
Over THREE million Zilliqa cash were far from flow because the community implemented its version of burning ZIL ZIL rate burning, merely sends the gasoline paid out in each transaction to a distinct address where all mining rewards come fromThis gasoline can then be used for block rewards in a process referred to as ‘recycling’
The President of Zilliqa, Amrit Kummer, has updated the ZIL neighborhood by means of Twitter that over THREE million ZIL tokens have been removed from circulate since the protocol applied a ‘burn’ mechanism in the fourth quarter of remaining yr. This amount of Zilliqa translates to kind of part a million bucks as observed in the initial tweet by Mr. Kummer.
Over THREE mil $ZIL (part 1,000,000 USD) has been taken out of movement up to now. https://t.co/ZIxYhDMuAT
— Amrit Kummer (@maqstik) March 14, 2021
