75 Million HADE Tokens Burned

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The total supply of HADE token was reduced on Friday from 150 million total tokens to 75 million tokens, a "token burn" of approximately 75 million. 

After analyzing supply, demand, and our goal for HADE token to be an essential component of the marketing and development for HadePlatform.com as a media outlet, host of our artificial intelligence driven SaaS platform for investment research, and the many Dapp and blockchain-as-a-service applications we are bringing to market (such as Hade Pay), we believed that a smaller total supply would make the integration of HADE token far more meaningful as a utility token. 

Prior to this decision, the Hade Platform multisig wallet owned more than 100,000,000 (100 million) of the total token supply, more than 2/3 of the total. As seen in the following link, the wallet now owns fewer than 27,000,000 HADE tokens, and the ownership percentage has increased for all current token owners. 

https://etherscan.io/token/tokenholderchart/0x7b171c08d812f9c642dcf61f7e080610cbca64b3

In other words, everyone who owned HADE now owns a bigger piece of the overall pie, about 100% more than they previously owned. 

We believe the reduced token count structure is best to support the continued growth of our business and adoption of HADE long-term. In retrospect, HADE token belongs with users of our platform, contributors of HadePlatform.com, and customers of MatriX or Hade Pay, not the multisig of Hade Technologies. 

Comments (5)

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If there is a reward activity airdrop, I received an email, suggest to provide the wallet information get hade airdorp token,It is true?

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    Amazing, well done Hade Team!!

       0   Reply (0)   Follow(1951)  

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      Good news Boss. That\'s a great move.

         0   Reply (2)   Follow(1951)  

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        I think so too. Will make it easier to incorporate HADE as bonuses to contributors in the next month

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          That is good news Boss. We contributors are really grateful for the good news. God bless you,your team and Hade and Hadeplatform.

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