Steemhunt Bounty Program Finished and 186M Tokens Burnt

Two weeks ago, we set the new mechanism for the HUNT token model - HUNT Network and Token Burning System. As more of the DApps on HUNT Network gain a revenue stream, it is designed to increase the value of HUNT token. In order to achieve this goal, we have decided to finish the ecosystem bounty program, burn all the left-over tokens and make no more token leakage into the market.

The Steemhunt wallet was shut down on June 11, 2020, at 2:00 pm KST as planned, and all the left-over tokens were burnt successfully (186,578,670 tokens, 37.41% of the total supply).

Burning transaction - https://etherscan.io/tx/0x2b7d8383c94a8964c93e7d3f3f18d4be58533e03c4aa8c6db396301879c8d41c

Summary of the Left-over Tokens

Total allocation for the bounty program = 250,000,000
-) Not claimed tokens (stand-by) = 145,420,262 --> burnt

Total claimed tokens via the Bounty Program = 104,579,738
-) Tokens that were distributed to the external wallets (users withdrew) = 49,104,260
-) Tokens that were distributed for exchange events and other promotion = 14,317,070

Tokens that are not distributed to the external wallets (users didn’t withdraw) = 41,158,408 --> burnt

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Total leftover tokens & burnt = 145,420,262 + 41,158,408 = 186,578,670 (37.41% of the total supply)
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Token Burning Records so far

Date	Description	Burned amount	Total supply changes	% of the total supply
May 27, 2020	Q1 2020, fee-based revenues	1,311,205	500,000,000 -> 498,688,795	0.26%
June 12, 2020	Left-over tokens from Steemhunt Bounty Program	186,578,670	498,688,795 -> 312,110,125	37.41%

You can find out the burning records via http://hunt.town/.

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HUNT Network - https://token.hunt.town/
Reviewhunt - https://review.hunt.town/
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