MK Group will initiate the destruction of Monkey King Token in an attempt to reduce supply while pushing the price up. The Management plans to spend its profit to buy back MKT from the open market and subsequently burn up to 50% of the total 1.8 billions MKT.

Our destruction mechanism is publicly and permanently recorded in the blockchain that cannot be tampered with, and our destruction mechanism can be verified on the Ethereum Blockchain Explorer (Ethereum Blockchain Explorer).

On October 11, 2020, MKT burned 374,312 MKT for the first time, reducing the total supply by approximately 0.02%.

 

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