Token Burn Announcement

In accordance with our latest tokenomics update, we will be facilitating a token burn of 441,612,410 $CLIQ token which is equivalent to 44.60% of Total Supply (990,000,000).

This amount of tokens will be burnt from the Staking Allocation that was allocated to reward $CLIQ Stakers and Liquidity Providers on our platform.

We also have 79,200,000 $CLIQ tokens allocated to fund Referral programmes which contributed to 8% of Total Supply. From now onwards this allocation will be used to reward stakers and liquidity providers on DefiCliq’s protocol.

So, the new Total Supply will be 548,387,590 CLIQ and Circulating Supply will be 51,010,657 CLIQ (including liquidity tokens on Dex).

Upcoming token burn schedule

DefiCliq

DefiCliq is a Polkadot ecosystem project that looks to disrupt the peer-to-peer (P2P) loans market by becoming one of the first platforms to offer undercollateralized loans. Furthermore, it is an entire DeFi ecosystem on its own. Through DefiCliq, users can stake their tokens to earn rewards, participate in yield farms, and interact with the broader Polkadot network due to DefiCliq’s interoperability capabilities.

For further inquiries:

DefiCliq

Website: DefiCliq

Twitter: @deficliq

Telegram: @deficliqann

Unifying all defi features on polka at one place.