TMTG Enterprise HK Ltd., a digital asset (cryptocurrency) provider based in Hong Kong, announced its burning of 41 Mil TMTG (The Midas Touch Gold) tokens on Aug. 5(KST)
The foundation has been conducting a weekly token burn since Apr. 8th, conducting the 18th token burn this week. Four more token burn events are scheduled to take place until the 22nd token burn on Sep. 2.
The number of total burned token now reaches 585 Mil. After the 22nd burn, the total number of the burned volume will be 715 Mil.
A TMTG official stated, “The foundation is increasing the burning amount by one million each week. We are not overly concerned with the short-term price fluctuation. We are more focused on expansion of the TMTG ecosystem with the development of our project and listing on global exchange.”
The details of the token burn can be verified by searching TMTG on Etherscan.