Dear Faradians,
We would like to inform you about the token burn status of Foundation and Team tokens.
Total Fara to be burned: 28.9 million Fara
Fara burned from January 2023 to June 2023: 13,300,000 Fara
Remaining Fara to be burned: 15,600,000 Fara
We have decided to burn the total amount of 28.9 million Fara starting from January 2023 with the following plan:
- burn of $FARA in January 2023: $FARA 2,924,069
- $FARA burned monthly (starting from February 2023): $FARA 2,000,000
To focus on upcoming features, we have made the decision to burn the remaining Fara tokens of the Team and Foundation on July 1st, as a one-time burn. So that from now on, there will no longer a monthly token burn of Team and Foundation.
We understand that this decision may raise questions and concerns, and we are committed to being transparent and responsive throughout the process. Please do not hesitate to contact us with any questions or feedback.
Thank you for your support.
Sincerely,
Faraland Team.
blog.faraland.io 