Ankr (ANKR) altcoin product consultant Josh Neuroth said in a statement today that a major burning mechanism will be introduced for the altcoin and also an airdrop will be sent to token holders for a mysterious project.
Burning Mechanism and Airdrop Announcement for Ankr Altcoin Holders
Neuroth’s tweet included the following:
“Ankr will start to implement a gradual burning mechanism in the third quarter.
Ankr token holders will receive an airdrop for the secret project.
Ankr is rebranding using comic sans.
One of them is the April joke.”
🔥Ankr is implementing an incremental burn in Q3
🪂Ankr token holders are getting an airdrop for the secret project
🤪@ankr is rebranding with comic sans
one of these is an April fools joke 👀
— Josh Neuroth (@joshneuroth) April 1, 2023
With the development shared by Neuroth, there was a sudden increase in the price of ANKR altcoin.
About 2% of ANKR tokens have been burned in the past. In Q3 2023, Ankr will implement a staggered burn mechanism that will reduce the ANKR token supply over time by burning some of the fees collected from its node hosting and staking services.
Ankr (ANKR) is a blockchain-based platform that aims to develop a decentralized internet by providing easy and affordable blockchain node hosting solutions and cross-chain staking capabilities.
The ANKR token is used for transactions and payments for many of Ankr’s services, such as node hosting, staking, and Web3 infrastructure. The token also enables platform management, allowing token holders to participate in decision-making and voting on the Ankr network.
The ANKR token has a fixed supply of 10 billion tokens and is free of any inflation. This means that the percentage of the total supply a user has will not change over time.. By 2023, the circulating supply is 9.66 billion ANKR tokens, or 97% of the total supply.
*Not investment advice.
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