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ROD coin burn and time-lock

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ROD coin burn and time-lock

50 mln. ROD coins will be burned, and we'll be time-locking another 100 mln. coins

Walter Philips
Aug 9, 2023
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ROD coin burn and time-lock

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Another piece of big news, everyone! We're excited to announce our plans to burn 50 mln. ROD coins, increasing scarcity and value for all holders. Additionally, we'll be time-locking 100 mln. coins, ensuring stability and future growth.

coin burn using cyberpunk style

The ROD burning and locking event will be held on Friday, August 11th, at 13:00 UTC.

After quite heated discussion, it's decided to use so-called burn address: http://explorer1.rod.spacexpanse.org:3001/address/XXXXXXXXXXXXXXXXXXXXXXXXXXXXarcLhe instead of other options. That way, everyone can burn coins just by sending them to it.

The XXXXXXXXXXXXXXXXXXXXXXXXXXXXarcLhe address is generated by using this tool: https://github.com/joeuhren/generic-unspendable. That way, everyone can be sure that no one knows the private key and that there's no way to guess it.

More on this subject: https://discord.com/events/927890916189012008/1138801053895245925


More about the project
Website: https://www.spacexpanse.org
Twitter: https://twitter.com/spacexpanse
Discord: https://discord.gg/uPJdncgrBe
YouTube: https://www.youtube.com/@SpaceXpanseROD
Fundamentals: https://www.coingecko.com/en/coins/spacexpanse
Wallets: https://github.com/SpaceXpanse/rod-core-wallet/releases
Buy ROD: https://graviex.net/markets/roddoge
Explorer: https://chainz.cryptoid.info/rod/

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ROD coin burn and time-lock

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