New update for our community: WAB tokens will be burned next week!

The token burn will occur this week. Let’s find out the detail about WAB token burn

1. Why are we burning tokens?

Following the token allocation that we have published on our website, most of the tokens will be locked for 2 years to ensure the stability of the token price. However; to prove our effort to ensure the benefit of WAB holders/investors, we have come to conclusion of burning WAB tokens instead of locking them for 2 years.

2. What are the advantages?

Less supply in tokens adds to the rarity of WAB token.

Token burning helps maintain a healthy cryptocurrency, keeping the token supply low while balancing the value of each token. Token burning is also completed in fairness to early contributors and the community in general.

3. How many tokens will be burned?

75 billion WAB tokens will be burned, these tokens will come from different reserve as bellows:

32 billion from the Development team reserve → 3 billion remaining

25 billion from the Airdrop reserve → 5 billion remaining

10 billion from the Partners & Ecosystem reserve → 5 billion remaining

2 billion from the Marketing reserve → 8 billion remaining

6 billion from the Advisors reserve → 4 billion remaining

New Total supply will be 25,000,000,000 WAB

Team: 3 billion (2 years locked)

Airdrop: 5 billion (1 billion locked in 2 years)

Partners & Ecosystem: 5 billion (2 years locked)

Marketing: 8 billion (2 billion locked in 2 years)

Advisors: 4 billion (2 years locked)

Circulating Supply: 10,000,000,000 WAB

4 billion extracted from Airdrop reserve

6 billion extracted from Marketing reserve

4. When is the token burn date?

The WAB token burn date is scheduled on August 9th 2018.

The team is always appreciated the amazing support of the community and we has been working very hard to bring more and more good news to you.

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