At Innovaminex we are working hard to ensure that this great project continues to develop. We inform you that on 25 January 2023 we have proceeded to burn the MINX released in 2022 because the requirements to distribute them have not been met.
We remind you that you have access to the whitepaper for any questions published on our official website.
MINX burning transaction that could not be released during 2022 (because the conditions were not met in any month): 0xd66bb2082981cf8bab02f74257838f3a215637c4d8a7fc3278608a67df26e542
View transaction here
2023 MINX transfer transaction from InnovaMinex Cold Wallet to the Release Wallet (amount that could be released if conditions are met): 0xf4d2f6559215f2aac40f7fa8f59cf659651f4cb224eafedd4d2f9dc884ef7967
See transaction here
In order to be able to release this amount every month, our system will check the two conditions:
- The price of MINX has to be higher than 0.50 USD (reference value in this year will be on etherscan.io).
- The monthly volume must be at least 3,000,000 USD.
If both conditions are met, the following distribution will be made from the 1st to the 5th day of the following month:
- 70% of the MINX released will be distributed in proportional parts in the exchanges where the MINX are and managed by our team, where we will inform and make public the operations carried out to make the distribution to the community.
- The 30% of the MINX released will be distributed in percentage already allocated to partners, team, development of InnovaMinex. The allocated wallets and the amount of MINX to each wallet will be published.
For the MINX that have not been released, they will continue to be stored in the same wallet until the end of the year.
In January of the following year, the MINX not distributed that year (2023) will be burned.
*MINX that are not released in one month because they do not meet the conditions cannot be used the following month.
*The burning conditions will be reviewed every year to adapt them to market and project circumstances.
If you have any doubts, please contact us at [email protected].
