Tokens

Stellar Burns $4.7 Billion Worth of XLM

  • Out of the 105 billion XLM tokens that were in existence, the Stellar Development Foundation decided to destroy 55 billion of its own tokens.
  • The tokens came mainly from the organization's giveaway and partnership programs, which have now been ended.

Stellar to Airdrop 2 Billion XLM

  • Stellar Development Foundation CEO explained that Keybase is an important part of their adoption strategy and advocate their vision.
  • All the big messaging apps and Keybase competitors are soon to enter the cryptocurrency game but with a different approach.

Telegram to Release its Token by October

  • The first batch of the Gram cryptocurrency is expected by October of this year.
  • The code needed to run a TON node is to become publicly available on 1 September.

The Next Nexo Dividend Distribution Set for August 15

  • Nexo is giving back to the blockchain community by distributing 30% of the project's net profit in a given dividend period.
  • The first time the company paid dividends to its investors was on 15 December, 2018, when it distributed over $900,000 in NEXO tokens.

Chainlink Announces Team Expansion, Eight New Roles to be Added

  • Eight new positions have been listed on Chainlink's official website following the announcement.
  • They include a head of product management, a design lead, general counsel, a marketing manager in addition to engineering positions.

Token as a Service Fund Shuts Down

  • After two years of active trading and investing, one of the first ICO-funded cryptocurrency hedge funds has announced that it will halt its market activity and distribute its assets to token holders.
  • TaaS was a tokenised closed-end fund, exclusively funded via an ICO, which took place between March 27 and April 28 in 2017.