We are pleased to share a pivotal update in our mission to uphold the integrity of the Starcoin ecosystem. On March 15, 2025, at 11:44:52 GMT, Starcoin successfully executed a token burn, eliminating a significant quantity of illegal tokens from circulation. This burn included tokens returned by our valued exchange partners, reflecting a united effort to restore order and fairness to the Starcoin mainnet.
For complete transparency, the transaction details are publicly verifiable on the Starcoin blockchain. You can review the burn here:
Transaction Link.
The total amount of tokens burned in this event is 597,608,704.73 STC. This decisive action underscores our dedication to maintaining a healthy token economy and ensuring the long-term stability of the Starcoin network.
Detailed Breakdown of the Burn
To provide full visibility into this process, we have compiled a comprehensive list of the burned addresses and their corresponding token amounts. This breakdown ensures that every member of our community can see exactly which tokens were removed from circulation.
This detailed record is a testament to our commitment to transparency and accountability. Each address listed represents a step toward eliminating unauthorized tokens and reinforcing the trust you place in Starcoin.
Ongoing Efforts to Ensure Completeness
While this burn marks a significant milestone, our work continues. The core team is diligently investigating whether any additional tokens remain unaccounted for, particularly from exchanges that did not return their allocations before the burn deadline. We are collaborating closely with our partners. If further burns are necessary, we will promptly inform the community and provide all relevant details.
Following the completion of this review, we will publish an updated report on the circulating supply of Starcoin tokens. This openness ensures that you, our community, remain fully informed about the state of the network.
A Collaborative Triumph
This token burn was made possible through the unwavering support of our security and exchange partners and the broader Starcoin ecosystem. We extend our deepest appreciation to everyone who contributed to this effort — your collaboration has been vital in helping us realign the Starcoin mainnet with its core principles.
Looking Forward
The successful execution of this burn is more than a technical accomplishment; it’s a powerful statement of our commitment to the future of Starcoin. By removing illegal tokens and fostering a balanced token economy, we are strengthening the foundation of our network for miners, developers, traders, and holders alike.
The Starcoin core team remains dedicated to delivering regular updates, enhancing the platform, and cultivating a thriving ecosystem built on trust and innovation. Keep an eye out for upcoming announcements regarding the circulating supply and any additional measures we may take to protect and advance our network.
Thank you, once again, to our incredible community and partners for your continued support. Together, we are shaping a stronger, more resilient Starcoin.
About Starcoin
Starcoin provides the utmost security from the origin via its enhanced PoW consensus and Secure smart contract, using the language of Move. Through layered and flexible interoperability, it optimizes the building of ecosystems such as DeFi, NFTs, Gaming, etc., with higher efficiency and convenience. This process redefines value by empowering every participant in the ecosystem to enjoy the multiplication of values.
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