CryptoPol News | Massive Burn plan and next steps

CryptoPol News Communication
2 min readApr 29, 2022

New update for our community about our token situation

  1. Why do we plan to burn some tokens?

Some of our tokens are locked for a long term and some remain available which may prevent some potential investors from entering the project. At the same time we would like to prove our willingness, to our supporters and investors, to ensure the benefit of $CPNEWS token. It was an evidence that the only way to get there was with a massive burning plan.

2. What is the burning plan for $CPNEWS token?

The actual max / total supply is bit lower than 21,000,000,000 $CPNEWS tokens. The plan detailed below will reduce the max supply to around 5,000,000,000 tokens.

The following tokens will be burned and sent to a bsc dead wallet on the dates listed below:

  • May 2, 2022 | 4pm CET - 11,000,000,000 tokens
  • May 15, 2022 | 4pm CET - 1,700,000,000 tokens
  • June 2, 2022 | 4pm CET - 1,500,000,000 tokens
  • July 2, 2022 | 4pm CET - 1,700,000,000 tokens

Additional burns will happen once w3bedrock will be released…

4. Development activities

  • w3bedrock development has started and the first versions are expected to be released in early of Q3 2022.
  • The main platform, CryptoPol News is also being prepared, but the priority for now is on w3bedrock.
  • We will do our best to update you on the developments the first week of every month