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Official announcement channel about LYOPAY Ecosystem products. 🌐
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LYO Token Burning 🔥

We are starting a burning procedure in next seven days.

➡️ What is burning? Removing coins from the total supply of a token.

➡️ Why burning? The token distribution has changed. A part of the percentage reserved for minting (48%) will be unused, as we have transferred the minting to the new DeFi token LFi. The token owned by users for minting won't be burned.

➡️ What will happen?
• A total of 59,138,555 tokens will be burned at this address now: https://lyo.to/wcN4o
• The total supply will decrease by 23%. Down from 250,000,000 LYO, the new total supply will be 190,861,445 LYO.
• White paper and documentation will be updated with the new issues.

➡️ Will the value of LYO be affected? It is possible, and in a positive way. By reducing the total number of available tokens, the price of a single one increases, or at least the stability of its price is strengthened.

Stay updated on https://t.me/lyocredit 🔗

#LYO #LYOCredit #token