TNC Coin Will Burn 800 Billion Coins To Boost Ecosystem
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TNC Group, known for their crypto M&A initiatives, and its subsidiary TNC Coin recently announced that the team will burn 80 percent of the coin’s total supply. This means that 800 billion TNC Coins will permanently be removed from the market. The team urged people to stay tuned as they will announce the details such as the burn date very soon.
In an official announcement, TNC Coin CEO Jason Jang noted challenges that the team faced amid the pandemic. These include the decline of TNC’s coin value and the slow process of TNC Group’s merger project. However, despite these challenges, the TNC team still pushed forward. According to the team, to overcome the unique market challenges, they enhanced their strategies and will implement the best solutions.
Originally, TNC Group set a goal of 500 companies for their crypto M&A project. Because of this, they minted a total supply of 1 trillion TNC Coins to support this objective. As a response to the challenges that the team is facing, TNC announced that they will reduce the number of merge…