NEWS>27 April 2022>Genesis PoS Reward Will Be Burn

Genesis PoS Reward Will Be Burn

Fellow UTGians,

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In order to create a fair, just, open and transparent atmosphere, the Ada Byron Foundation decided to send the early PoS rewards of the 11 Genesis Nodes to the “Burn address” from the foundation address for permanent burn on 1st May 2022. There is about 335,000 UTG are expected to be burned. The burned UTG will be out of circulation forever. Details will be announced after the genesis node PoS reward is burns.

 

We hope that this is a great news for every UTGians.

 

Thanks for the continuous support. Peace & Love.

 

Ada Byron Foundation

27th April 2022