Thank you for your long-term support! According to the Whitepaper, “50% of the transaction fees charged within Cybex will be destroyed”, CYBEX executed the burning of CYB for Q2 of year 2019 .
Click on the link to quickly learn about the white paper:https://apidoc.cybex.io/docs/CYBEX_white_paper_ch_v2.1.pdf
1. Calculation of burning quantity: 50% of the transaction fee incurred at the time of the last destruction (at the block prior to the destruction);
2. Burning method: Transfer the corresponding number of CYB from crypto-vault to the burning account-- null-account--generated by the system without public key.
Take this burning as an example
1. Calculation of burning quantity
Burning calculation: Mars 16, 2019-June 12, 2019.
Block: block#11000000 - block#13499999
According to the block information, the transaction fee is calculated =100860. CYB
Quantity to be destroyed = transaction fee *50% = 50430 CYB
2. Destruction result: Send 50430 CYB null-account from the crypto-vault account for the burning.
June 28, 2019
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