Project Update (Token Burn & WirePurse Exchange) – March 2020

2020 has been an exciting yet busy year for the Transcodium team, with the continuous effort to improve the project’s status, we have decided to burn 20, 000, 000 TNS from the total supply of 88,600,000.

The 20,000,000 TNS to be burnt is part of the unsold tokens after the token distribution event.

Every month a total amount of 200,000 to 500,000 tokens will be burnt based on the market conditions till the 20,000,000 TNS is completely burnt.

The first burn event took place on 10th March 2020, a total of 500,000 TNS were burnt using the contract’s Burn method on the ethereum blockchain.

The proof of burn are listed below:
The first Burn of 500,000 TNS completed

499,990 TNS:
https://etherscan.io/tx/0xb501333d04af8f17ce7c7f81b6aa7e1ac1eddb8eb0ea3fd9c559a4f4671a723d

10 TNS:
https://etherscan.io/tx/0xd48437769cb76d7c1171a67b9f08215e17b53d3e744e5310647806f04d4f660e

Aside from the burn event, the team is excited to announce that TNS WirePurse’s Exchange has been enabled, users can now convert their existing assets to any of the supported assets.

Currently only BTC/USDT and ETH/USDT pairs have been added, more pairs will be added in the future.

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