Thank you for your long-term support! According to the Whitepaper, “50% of the transaction fees charged within Cybex will be destroyed”, CYBEX performed the second round of Burning of CYB on January 7, 2019.
Click on the link to quickly learn about the white paper:
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 time selection: Destruction operation in the last week of each quarter
3. 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: September 23, 2018-December 19, 2018.
Block: block#6000000 - block#8499999
According to the block information, the transaction fee is calculated =103913.98484 CYB
Quantity to be destroyed = transaction fee *50% = 51956.99242 CYB
3. Destruction result: Send 51956.99242 CYB null-account from the crypto-vault account for the burning.
Learn more about Burning plan: https://mp.weixin.qq.com/s/-iyTBEXNmodUtYhXyKNwIA
Jan 7, 2019
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