Cardano Founder Charles Hoskinson Destroys 900 Billion ‘Charles’ Tokens in Live Burn
Cardano founder Charles Hoskinson recently took action on a active “Charles” tokens created by the community. Hoskinson was frustrated in the live broadcast of the creation of the model in his name, and the latter quickly attracted attractiveness and made a large number of transactions in the cryptocurrency market.
Hoskinson explained that in a demonstration, he accidentally revealed a spare wallet. Unfortunately, the cryptocurrency community believed that it was an opportunity to send him to the token. One token, the “Charles” tokens became particularly popular, and its market value soared within a day.
In general, Hoskinson found that he had an amazing 900 billion tokens. Due to lack of liquidity, he thought it was worthless. He did not ignore the situation, but decided to hold things in his own hands and burn all the supply of token. With the help of the team’s help, he transferred all tokens to the burner address and effectively destroyed them.
On -site live broadcast on the burns, Hoskinson humorously acknowledged that he had just cut a book value of $ 80 million. He pointed out that he spent only 1.42 ADA to destroy tokens. This is a way he proves his integrity, indicating that he will never try to make profits from this situation.
https://twitter.com/i/broadcasts/1zqkvydzxqzxb
Hoskinson’s bold move is a statement that opposes cryptocurrency space that is unpredictable and often chaotic, as well as reminding the community to some actions, such as creating unsolved token. Cardano’s founder wrapped the broadcast with a message: “Don’t do it again.”
