Friday, February 24th, 2023 – Starting this week, C+Charge (CCHG), an EV charging solution powered by blockchain technology, has begun to burn all tokens that remain unsold during the current stage of their ongoing project presale.
Each of the eight presale stages lasts a week. The first burn took place on February 22nd at 6:10 PM +UTC and the transaction hash can be viewed here: https://bscscan.com/tx/0x4ec215ea76b33b760e84fbf67ebc0dd2dfc85ba1c667617e71bf477f24e1de91
The burned tokens were from Stage 2 and totaled 35,658,291. There were 400m CCHG tokens made available for purchase at the outset of the presale, of a total supply of 1 billion.
The next burn – of 35,815,716 CCHG tokens from Stage 3 – will take place before the end of Stage 4, the current stage.
Burning is a method of removing tokens from circulating supply by transferring them to a dead address that can only receive tokens, not send them.
Investors in the project will welcome the burn program because it increases the value basis of the remaining coins.
The presale is divided into eight stages and is currently in Stage 4. Stages 2 to 8 each last one week.
Stage 3 ended two days ago and as of the time of writing $1,572,496 has been raised.
The next price increase is only six days away. CCHG can currently be bought for $0.017 and increases to 0.018 in Stage 5.
Investors who bought in Stage 1 are already sitting on a nominal return of 30%. When the presale ends the return will have risen to 76.9%.
C+Charge is the perfect market fit in helping to mitigate the issues around climate change, so demand for the token is growing as its visibility increases.
Prospective buyers of the CCHG token will need to move fast to beat the next price rise on March 1.
Those who buy CCHG
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