In accordance with NOW Token’s whitepaper, ChangeNOW conducts the NOW Token Burn quarterly. Quarterly burns will be happening until the total supply (of both ERC20 and BEP2 NOW Tokens) has reached 100,000,000.
ChangeNOW will burn only NOW Tokens received for its services.
NOW Tokens will be burnt in their corresponding native network (ERC20 or BEP2).
In order to re-issue NOW on the Binance Chain 100 000 000 NOW Tokens (50% of the initial ERC20 emission) were burnt on the Ethereum blockchain by sending them to the 0x0000000000000000000000000000000000000001 address.
100 000 000 NOW Tokens were re-issued on the Binance Chain.