PlaceWar — Milestone Burning Event 🔥

March 29, 2022 — PlaceWar team is happy to announce to conduct a burning milestone event for $PLACE and $GEAR’s total supply.

What Is a Coin Burn?

Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.

How does it work?

Basically speaking, a token burn event happens in the following order:

  1. A cryptocurrency holder will call the burn function, stating that they want to burn a nominated amount of coins.
  2. The smart contract will then verify that the person has the coins in their wallet and that the number of coins stated is valid. The burning mechanism only allows positive numbers.
  3. If the person doesn’t have enough coins, or if the stated number is invalid (e.g., 0 or -5), the burn function won’t be executed.
  4. If they do have enough, then the coins will be subtracted from that wallet. The total supply of that coin will then be updated, meaning that the coins were permanently burned.

Source: Binance

About the Milestone Burning event

The PlaceWar Treasury will burn 20% of total $GEAR and $PLACE from crafting upon reaching milestones when (2x each milestone:
- 2000 users by 7D as per DappRadar
- 4000 users by 7D as per DappRadar
- 8000 users by 7D as per DappRadar
- 16000 users by 7D as per DappRadar

and so forth.

Let’s burn tokens and let’s make Placedonia a better place.

About PlaceWar

PlaceWar creates a gamified and open Internet culture metaverse and puts users in control. You are guaranteed a gaming experience that you’ve never seen before in any other Play-To-Earn games. We integrate battle and creation, and we make sure there is an incentive mechanism to support them both.

Website: https://placewar.io/

LinkTree: https://linktr.ee/placewar

Wiki: https://wiki.placewar.io/

Discord: https://discord.gg/FCd53DBCjw

Twitter: https://twitter.com/placewar_game

Telegram: https://t.me/placewar

--

--

--

PlaceWar is a gamified Internet culture metaverse — Play to Earn strategic artillery game ecosystem. Craft, Create, Conquest. https://placewar.io

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

A behind-the-scenes look at Studyum: the journey, the fundraising, and the IDO

🔥🔥 Matic Launchpad IDO LIVE on MetaverLABS !!! 🔥🔥

Gekko — reliable and easy to use trading bot

Quick dive Friday ( Technical Update)

Flux Token fundamental analysis + How to buy FLUX token

How to Use Metamask Wallet — a Detailed Guide

How to Use Metamask Wallet - a Detailed Guide

Super Game Chain Newsletter (August 17, 2018) — BlockchainGamer Contest Cont.,

Store of Value vs. Electronic Money: Is Bitcoin Really a Currency? — AAX Academy

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
PlaceWar Official

PlaceWar Official

PlaceWar is a gamified Internet culture metaverse — Play to Earn strategic artillery game ecosystem. Craft, Create, Conquest. https://placewar.io

More from Medium

Amazing INOs week on the Liquidifty platform!

Metahorse x Hong Kong Gaming Guild (HKGG) Partnership

HighScore Prizes and Target Price Adjustment

🏆WHO JOINS GLEAM CONTEST, LET’S CHECK TO SEE IF YOUR NAME IS ON THE WINNER LIST!