First massive Jimizz burn

Exactly one month after the listing of the token on PancakeSwap, on October 29, 2022, the Jimizz teams will proceed to the first massive burn of unsold tokens.

As promised in the project's White-Paper, 50% of the unsold JMZ at the end of the ICO will be burned. This total amounts to 4 billion tokens. The total number of tokens burned will therefore be 2 billion.

The burn will be organised as follows:

- From October 29th, 400 million Jimizz will be sent to a burn-adress. That is 20% of all the tokens that will be burned.
- On November 29th, 400 million additional JMZ will be burned, bringing the total number of Jimizz burned to 800 million, i.e. 40% of the total burn.
- On December 29th, 400 million tokens will be burned again. 60% of the burn will be completed.
- The date of the last burn of 800 million Jimizz, which will close the burn of unsold tokens, will be communicated shortly.

Following this burn, the team reserves the possibility to continue to burn on a smaller scale a part of the unsold tokens.

This burn is part of a process to reduce the total supply of JMZ to match the project's objectives. The sum of 8 billion tokens was relevant insofar as the project was reaching its fundraising extra-cap. Today, the Jimizz needs to lighten its supply in order to sustain its token economy.

The lightening of the max-supply is a positive measure for the investors and for the project insofar as the Jimizz is a consumer token, if its use becomes more democratic and its supply is reduced, its price will naturally be pushed up.

The burn will take place at 8pm CEST.