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 Q1 of year 2019 on Mar 21, 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 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: December 19, 2018-Mars 16, 2019.
Block: block#8500000 - block#11000000
According to the block information, the transaction fee is calculated =103729.79575 CYB
Quantity to be destroyed = transaction fee *50% = 51864.89787 CYB
2. Destruction result: Send 51864.89787 CYB null-account from the crypto-vault account for the burning.
Learn more about Burning plan: https://mp.weixin.qq.com/s/c8-qzNz5Q890B5n8TBQj0A
Mar 21, 2019
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