ROD coin burn and time-lock

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

Aug 9, 2023

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.

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/