ROND Has Been Burned

On September 30th 2022, the Genso Team has burned the below ROND tokens to control the supply.

Of the total 40 billion ROND supply, 97.5%, or 39 billion RONDs, have been burned.

ROND(polygon)
https://polygonscan.com/tx/0x33d6c722264095ee2e65d86aff8669257c2c3b83d0eed794ef8f7a6361ecd395

ROND(ERC20)
https://etherscan.io/tx/0x5450f027a7a1d608e3c3b7a32d1af2e0da3d887afe9fdacef81d38a535fb1edc

Breakdown
ROND(Polygon) 　37,300,000,000
ROND(ERC20)   　1,700,000,000
Total Burned 　 　39,000,000,000

In the future, when the trading ROND volume and marketcap goes above a certain point, the team will newly mint ROND tokens on a new chain, and re-issue the 39 billion tokens that were burned.

Since ROND is the currency used in our metaverse, we aim to maintain as stable as a price possible. We exepect a big influx of players in the near future, and even in those circumsances we will do our best to control ROND in such a way that the ROND economy maintains its growth. However we must stress, that since ROND is a virtual currency, it is subject to market fluctuation and is not a stable coin.

We burned ROND in the past too. Check this article for more.

By implementing the above, the GENSO team aims to improve transparency and guarantee the value of the tokens even more than before. We will continue our efforts to maximize the attractiveness/value of tokens and projects.

We thank you so much for your support!

◆ GensoKishi Online -META WORLD- Community

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