April 19, 2023
In our previous article about the POWA token, we announced that all POWA spent by the community on the VIMworld platform will be burned.
Subsequently, we have enabled POWA to be used in 3 different ways: voting for the official meaning of POWA: “Play Own Win Accumulate”, as fuel to initiate EGG incubation, and as a way to boost incubation speed (either reducing by 24 hours, or by 5%).
Remarkably vast quantities of POWA have been committed by community members, particularly for EGG-related activities. At the latest count, 44,212,000 POWA has been used to initiate and boost EGG incubations.
‍This represents a huge 58.4% of the circulating supply of POWA at the time of writing.
‍A monster burn
In the first of a series of ceremonial burnings, we will send at least 44 Million POWA tokens to the BNB Chain customary burn address: 0x000…dead! Furthermore, 171,109 POWA tokens representing 40% of the POWA used in the voting to decide the official name, will also be burned in a separate transaction.
The burn will be livestreamed on stream in our Discord server on Friday 28th April 2023 at 10 am PST, following the DeFi Power Hour Space on twitter.
‍POWA’s market cap
Following the burn, POWA’s market cap will be around $20k. Yes, you read that correctly $20k! We need to say no more…
‍How to buy POWA
In addition to the VEED/POWA pair, we just released a new BNB/POWA pair on PancakeSwap to simplify direct purchase of POWA tokens. You can find all 3 VIMworld related pairs on our site’s updated DeFi hub. You can also trade directly through PancakeSwap.
‍Future burning bright
With more POWA utilities planned, and an increasing role in the governance of our suite of DeFi products, both the demand for POWA tokens and the amount burned will only rise. We will hold regular public burnings to celebrate our progress.
Access VIMworld now
VIMworld is a revolutionary non-fungible token (NFT) ecosystem that creates a space where entrepreneurship and play combine and thrive. At the core of VIMworld are VIMs themselves, each one unique and permanent. VIMs are Smart NFTs that will deliver an immutable system of authentication, allowing their owners to both store and build value through play whilst building meaningful connections with others.
VIMworld can be accessed at VIMworld.com. To sign in, download our purpose built crypto and NFT wallet, Nufinetes. This comprehensive multi-chain wallet can be used across multiple popular blockchains, allowing users to interact with dApps, view NFT collections and store tokens in a secure, slick environment. Grab the Nufinetes wallet from nufinetes.com — compatible with your OS, device or web browser of choice.
