Progress on ERC20 XQC burn with token swap (Feb, 2021)
QURAS officially released the mainnet on December 19, 2020. We are aiming to complete the token swap (ERC20 to mainnet) by July 2021, and ERC20 XQC is doing a burn for every swap. the progress as of 13:10 on February 26, 2021 is as follows:
- User token swap burns: 134,136,281 XQC
- Project token swap burns: 88,889,776 XQC
Details of the burn progress can be found at the following URL:
User token swap burns
General user token swaps and burns are conducted on the QURAS Wallet+ mobile wallet and CoinTiger.
When swapping using QURAS Wallet+, ERC20 XQC is automatically sent to the address 0x00000….. .
For swaps using CoinTiger, the entire amount will be sent in a batch when CoinTiger reopens the mainnet XQC transfer.
Project Token Swaps and Burns
The QURAS project began to burn ERC20 XQC on February 21, 2021. It first burned 888 XQC for testing and later burned 88,888,888 XQC. Burned XQC by the project can be checked from the following transaction:
The ERC20 XQC held by the project is 505,351,314.076 XQC and these will be burned in phases. For more information on the allocation of XQC to the project, please see the XQC tokeneconomics.
