The OWN Token Burn Event, And What You Need To Know As An Investor
What is OWN Token?
OWN is an ERC-20 utility token, that aims to be used in decentralized philanthropy, disaster management, startup funding and education. We aim to make OWN accessible to the public at large, as well as easy to use and implement.
What have we achieved so far?
The OWN community is strong together, and this is patently clear from all of our loyal group members and social media followers. While our core team is 21-strong, our social media followers and group members number in the thousands, and we have a presence on Reddit, Discord, Twitter, Instagram and Telegram. We plan on launching our o-ABC (Online Academy for Blockchain and Cryptocurrency) app soon, to facilitate education related to cryptocurrency and the blockchain, and dispel negative untruths regarding the same. Our social media handles/groups are given below:
Telegram (global group): http://t.me/tokenown
Twitter handle: https://twitter.com/OwnToken
Facebook page: http://www.facebook.com/OWNtoken
Besides this, OWN is currently trading on both centralized and decentralized exchanges. DEXs include Uniswap, Saturn Network and Bamboo Relay, and centralized exchanges include VinDAX and Finexbox.
Trade OWN against USDT on Finexbox: https://www.finexbox.com/market/pair/OWN-USDT.html
Trade OWN against USDT on VinDAX: https://vindax.com/exchange-advanced.html?symbol=OWN_USDT
What is this event all about?
Starting December 2020, we plan on burning a total of 100 million OWN. This means that the specified quantity of tokens will be permanently lost from circulation, reducing the overall supply. The burn event will consist of four events in total, occurring every three months, and each stage of the burn event will end with a mega airdrop for the community.
Why burn at all?
While 2020 has been a rough year for everyone, what with the pandemic and all, cryptocurrency has experienced a huge boom, with BTC skyrocketing in value, almost touching a new all time high, and OWN Token stabilizing considerably as well. Now that the price of OWN is reasonably stable, we need to look into the interests of our investors. Historically, whenever a burning event occurred and coins were lost from circulation, the value of an altcoin rose considerably. It happened with TWT, it happened with BNB, and now, it’s all set to happen with OWN. A higher price will benefit both the recipients of our token as charity, and lay investors who want to get good returns on their initial investment.
We will be announcing more updates pertaining to our burn event soon. Stay tuned to our social media channels to stay in the know. Stay home, stay safe, and remember, #OWNtoMoon