After Bitfinex made headlines with the launch of its in-house LEO token, the exchange is in the news again after it announced the launch of the UNUS SED LEO Transparency Initiative, on June 14. This initiative, built around a real-time token burn redemption programme, marks the launch of the token burn mechanism, where LEO would be continuously burnt to buy back the token from the market. The report talked about the burn mechanism and stated, [READ MORE](https://ambcrypto.com/bitfinex-announces-implementation-of-burn-mechanism-for-removing-leo-tokens-from-circulation/) Source: AMB Crypto Credits to the author
| author | tombramycin |
|---|---|
| permlink | bitfinex-announces-implementation-of-burn-mechanism-for-removing-leo-tokens-from-circulation |
| category | leo |
| json_metadata | {"tags":["leo","cryptocurrency","kryptonia","superiorcoin"],"links":["https://ambcrypto.com/bitfinex-announces-implementation-of-burn-mechanism-for-removing-leo-tokens-from-circulation/"],"app":"steemit/0.1","format":"markdown"} |
| created | 2019-06-15 12:11:12 |
| last_update | 2019-06-15 12:11:12 |
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| root_title | "Bitfinex announces implementation of burn mechanism for removing LEO tokens from circulation" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
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| voter | weight | wgt% | rshares | pct | time |
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| spaminator | 0 | -133,745,414,334 | -0.12% | ||
| kryptonia | 0 | 140,006,976,140 | 20.3% | ||
| hernansmith | 0 | 524,584,056 | 100% | ||
| stanleycruz | 0 | 548,784,789 | 100% | ||
| owenhernandez | 0 | 2,108,832,498 | 20.3% | ||
| mack-bot | 0 | -51,512,446,175 | -0.5% | ||
| williebrun11 | 0 | 548,296,569 | 100% | ||
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| johnnyduque | 0 | 550,191,332 | 100% | ||
| susanasay | 0 | 530,238,617 | 100% | ||
| winstons | 0 | 0 | 100% | ||
| mainet | 0 | 549,775,284 | 100% | ||
| kryptoniabot | 0 | 11,962,909,548 | 20.3% | ||
| superiorcoin | 0 | 2,398,276,663 | 20.3% | ||
| tombramycin | 0 | 1,755,250,219 | 100% | ||
| asianrichclub | 0 | 22,716,623,757 | 100% |
Congratulations @tombramycin ! You received upvote from @kryptoniabot & @kryptonia for your task of 515 SUP Today. Remember to receive votes from @kryptoniabot Run a task on [Kryptonia](https://kryptonia.io). Use the tags KRYPTONIA or SUPERIORCOIN in your Steemit post. Delegate to the Kryptonia Upvote by clicking links: [10SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=kryptoniabot&vesting_shares=19910%20VESTS) , [50SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=kryptoniabot&vesting_shares=99549%20VESTS) , [100SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=kryptoniabot&vesting_shares=199099%20VESTS) , [500SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=kryptoniabot&vesting_shares=995493%20VESTS) , [1000SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=kryptoniabot&vesting_shares=1990987%20VESTS) Due to an increased amount of tasks, we have changed up the voting power to evenly spread out the Upvote amount.
| author | kryptoniabot |
|---|---|
| permlink | re-tombramycin-bitfinex-announces-implementation-of-burn-mechanism-for-removing-leo-tokens-from-circulation-20190615t121553844z |
| category | leo |
| json_metadata | {"tags":["kryptonia","superiorcoin"]} |
| created | 2019-06-15 12:15:54 |
| last_update | 2019-06-15 12:15:54 |
| depth | 1 |
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| root_title | "Bitfinex announces implementation of burn mechanism for removing LEO tokens from circulation" |
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