Real art, NFTs, Defi all together. We bring you Nostalgia.
First of all, we would like to thank everyone who participated in the London NFT public sale and those who have been giving us attention.
We would like to bring you some news regarding the PAINT token burn.
As we mentioned in the light paper, Nostalgia rewards PAINT token holders through the burn mechanism. For every utility NFT sale, PAINT tokens equivalent to 30 % worth of all sales will be burnt out of the total supply forever.
The first burn was initiated on August 13th 2021 20:00 (KST) and 2.25 ETH worth of PAINT tokens was burned (total London NFT sale 7.5 ETH * 30%). The number of tokens burned was decided at the moment depending on the price of the PAINT token.
https://etherscan.io/tx/0x69b4a44afba31547c311ef5c5a5cfd891728d1640e157ac3c3e89f73bc332f47
(Total 3,258,480 PAINT burned TX)
From now on, every utility NFT sale will initiate a PAINT token burn. We will constantly devise a system where PAINT holders and the ecosystem participants can benefit from the growth of Nostalgia.
*Token Address
Paint Token : 0x83e031005ecb771b7ff900b3c7b0bdde7f521c08
Canvas Token : 0x863ad391091ae0e87b850c2bb7bfc7597c79c93f
PAINT/ETH Sushi LP pool information: https://analytics.sushi.com/pairs/0xa09579ea6112dcf1df138cb0c26fe39a250ce3e3
Learn more about Nostalgia through:
Visit our website: https://ngfinance.io/
Twitter: https://twitter.com/nostalgia_fi
Telegram: https://t.me/official_nostalgia
