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
- 3rd Week September 2021: 99,000,000 CLIQ
- 2nd Week October 2021: 99,000,000 CLIQ
- 1st Week November 2021: 99,000,000 CLIQ
- 4th Week November 2021: 99,000,000 CLIQ
- 3rd Week December 2021: 45,612,410 CLIQ
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.
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