Announcement on the First Destruction of Waltonchain ERC-20 Tokens

Waltonchain_EN
2 min readFeb 27, 2020

--

Dear Waltonchain supporters,

As a part of our gradual switch to mainnet, today Walton Chain Foundation performs a transfer of ERC-20 WTC tokens swapped by exchange platforms to date and of all ERC-20 WTC tokens of the Foundation from official addresses to the zero address 0x0000000000000000000000000000000000000000 for the first destruction.

1. As of February 27, 2020, exchange platforms OKEX, TAIBI, Bithumb, Binance and KuCoin have completed ERC-20 WTC token swap to mainnet coins. The address and the token quantity are as follows:

2. As of February 27, 2020, the ERC-20 WTC addresses of Walton Chain Foundation and the token quantity are as follows:

* The remaining balance of the Global Ecosystem Construction Fund will be used for short-term payment of mining rewards.

3. For more standardized management of WTC held by the Foundation and for transparency to the global community, the Foundation hereby announces the transfer of mainnet WTC to the following new addresses to be managed by the CEO and Finance Department:

Name | New Address on Mainnet

Global Ecosystem Incubation Fund | 0xb0146FC712A029744d4D932138225A1D9cf4Ea19

Global Ecosystem Construction Fund | 0x82857be71d7f236050d1ea7e0858a7e23bf715ab

R&D Fund | 0x2f679a59cb7abc7b49974a013e9c3df1e63eaeb6

Marketing Fund | 0x74f72394af3afc38b9ccf2d9041ca611b8f31304

HR Fund | 0xae30050ea50764e76c5dc35a9ddbeb4b92415bc8

Operations Fund | 0x2a0f9849643b3505facff5494f523be13b0f032e

Other Fund | 0x81cc39e1bd4e0e0698c8250d4285da54c62bd4fc

WTA Pre-mining for SMN & GMN | 0x32896f8276bdf14cf09f17042b62a744f8b86742

This destruction makes up 55.96% of the total of 70 million ERC-20 WTC issued on Ethereum.

Token swap progress is 56.07%.

Thank you for the continuous support!

Waltonchain CEO

Do Sang Hyuk

February 27, 2020

--

--

Waltonchain_EN
Waltonchain_EN

No responses yet