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Announcement
IntelliShare Team Announces Approximate 35 Million INE Burn Plan
  • 2019-10-24
  • 110
  • 110

On October 9, IntelliShare Chinese community autonomy committee took a vote on “IntelliShare team burns INE plan”. At 18:00 (UTC+8), the vote was unanimous in Chinese Black Card Community.

IntelliShare (INE) foundation observers launched “IntelliShare Value Guardian Program”, which aims to promote IntelliShare upcoming value consensus and prosperous digital assets guarding behavior. They will move forward and co-construct with IntelliShare, and become the value creators in blockchian and digital economy era, not speculator. Meanwhile, IntelliShare’s technical team and foundation fully support and participate in the “IntelliShare Value Guardian Program”. IntelliShare team will burn the amount of INE that locked by guardians.

IntelliShare foundation announced “IntelliShare Value Guardian Program” and the participating deadline is July 30, 2019. According to the statistics, 16251348.7914 INE have been transferred into the Guardian Program locked position wallet address.

The wallet address: 0x3C055C2f15e28F7ba272F9d63276989Ade52A0a7

In addition, there are nine province super nodes members who participated the Guardian Program. According to the statistics, 18724300 INE have been transferred into the Guardian Program locked position wallet addresses. The province super nodes locked position wallet addresses are as follows:

There are 34975648.7914 INE in total. According to the plan, IntelliShare team will take out the same amount of locked position INE to burn. The burned INE will be taken out from IntelliShare Team proportion.

IntelliShare Value Guardian Program details:

1. Launched by IntelliShare observers, and black card community members can join the value locked position of their own accord. IntelliShare market consensual price reach 1 CNY , it will be unlocked 1/3 amount INE automatically; When the price reach 2 CNY, it will be unlocked 1/3 amount INE automatically; When the price reach 5 CNY, it will be unlocked the rest amount of INE automatically.

2. Black card community members lock at least 50,000 INE, and IntelliShare foundation observers lock at least 200,000 INE.

3. IntelliShare Value Guardian Program follows volunteer principle, which is no benefit and reward to the participants.

4. IntelliShare foundation will set an exclusive group for participants. Besides, IntelliShare team will cultivate and help participants to become professional digital currency investors. Moreover, participants will have right to recruit IntelliShare ecosystem cooperated programs IEO.

5. Black card community members lock 300,000 INE and foundation observers lock 600,000 INE can join foundation SVIP community while enjoying professional investment projects.

6. When it comes to the locked position management, foundation observers will vote supervisors to manage the wallet addresses.

7. IntelliShare technical team and foundation will according to the white paper settled proportion and take out the same amount of locked position INE to burn, so as to achieve the first time deflation of INE.

The plan and the time of burning will be announced later. Please look forward to our latest updates.

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