The SyncFab team is pleased to announce we’ve successfully completed our Phase 1 Token Burn. 50,000,000 MFG Tokens have been removed from the total supply as part of this burn. Of the 50 million burned, 49 million were comprised of unsold tokens and 1 million were burned from the team’s pool as previously detailed here.

The burn took place in two transactions, as seen here on Etherscan:

https://etherscan.io/tx/0x5a7da17014dfd8e54efae65369b8f5ab9d1ba0d2923dff3fba8ffbd308ca3b23

https://etherscan.io/tx/0xa2a996db5901404b39039f3bf7d3f29bca86f2a5fbcf4cef127e1190299cce64

The new total supply stands at 950,000,000 MFG tokens.

Upcoming Token Burn Schedule:

Phase 2 Burn: 50M MFGs — July 31, 2018

49 million unsold MFGs will be burned and 1 million MFGs will be burned from the team pool to compensate for unreturned tokens as detailed here.

Phase 3 Burn: Unsold/Unreturned MFGs — August 31, 2018

The remaining balances will be burned, with the exact number announced upon conclusion of the third and final burn.

What if I haven’t received my tokens?

We’re proud to unveil the SyncFab Token Tracker, which will allow you to track the distribution status of your tokens, and indicate steps to take if you have yet to receive your tokens. You can access the token tracker here.