The Whole Earth Foundation Burns 70% of the total token supply

To the Whole Earth Community,

The Whole Earth Coin, we believe, is a truly unique project with a mission that distinguishes us from other projects within the crypto space. Our goal is to address the real-world challenges of aging infrastructure utilizing novel tokenomics to empower the people to govern their infrastructure. Though the project has rapidly evolved since its inception, the ecosystem is still in its early stages; the Foundation will be primarily responsible for development and growth until it achieves sufficient decentralization.

Recently, we have decided that burning tokens would be an important step for the Foundation’s growth going forward. Therefore we would like to announce the decision to perform a one-time burn of 700 million or 70% of the total token supply, reducing our total token volume from 1 billion to 300 million. This can be found on etherscan. The maximum token supply will never increase beyond its current cap in the future. For fairness, this burn will be applied evenly across all allocation criteria, including tokens reserved for the ecosystem, team, and public sales.

We believe this is a necessary correction to the total token supply, which will help improve the project’s success. The early supporter’s commitment and support of the project are crucial for its success; thus, we are reworking the tokenomics to improve their positions. Moving forward, the Foundation will transition its efforts to project development with partnered organizations to deliver robust solutions to address the complicated infrastructure problems of today. Finally, we want to thank all community members who believe in our project and have decided to join us in our journey to success. Our final IEO round is set to take place on ProBit and Coinsbit starting May 21. Don’t miss this chance!

Cheers to more exciting things to come,

The Whole Earth Foundation Team




We Democratize Infrastructure Management

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Creata Chain Launches its Own Operating System Creata OS

CoolWallet S: hardware wallet review

More Anonymous, More Secure — Next Level Cryptocurrency Privacy Is Here

DeFi Recap: Derivatives

HyperPay Weekly Report 01/25–01/31

Injective will Integrate Chainlink Price Feeds to Settle User-Created Decentralized Derivatives…

Tron’s Justin Sun Announces ‘Most Decentralized Stablecoin’ with $10 Billion of Crypto Collateral…

Tron’s Justin Sun Announces ‘Most Decentralized Stablecoin’ with $10 Billion of Crypto Collateral By DailyCoin

Some news and a short guide of NFT Bunny main features

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Whole Earth Foundation

Whole Earth Foundation

We Democratize Infrastructure Management

More from Medium

RumblePonies Announce 2022 Coaching Staff

Gaming in Education: Myths and Facts

Sofware Development Best Standard Industry Practices

Komodo Island Tour, Traveling Around East Nusa Tenggara