Dear Community!
We have been working hard from the very beginning to develop and lead our Community to prosperity.
All projects may have difficulties on their way to great success.
Our aim in burning was to decrease the coins we keep and need for step-by-step financing the project together with the Community held coins growth, so that decentralization will increase (and it happens) but the price balance is kept on a normal level.
Due to technical specs of our ecosystem the most evident and proven way of coins burning (OP_Return) hasn’t allowed us to destroy 100 000 KZC. They came back as commissions for miners working and 2 Masternodes. We asked the Community to refrain from transacting to make sure that the network is safe and stable. On passing the tests we confirm – it is.
The lucky MN owners were fair and ON their own wish returned the coins gained (40k and 10k).
Have a look on 40k return transaction
https://chain.kzcash.kz/tx/e2070222c9b0a9a146aacb817df94c3840e88550b423c95f1570ac875fa665fbfor example, special thanks to Mr. Bumbr. So the returned 50k will be burnt soon by sending to an invalid address.
We are expressing special thankfulness to the MN owners for their support and great willingness to support the Community. This step shows that we are really getting support in what we do.
The other 50k were distributed between the active miners on that moment. Technically the only possible way to restore the situation could only be hardfork with the Mining Pools support – and they were ready to support us despite possible losses.
On wise considering, we rejected this solution.
THE BLOCKCHAIN IS THE LAW.
We keep the situation like it is.
These 50 000 KZC remain distributed between the miners. Finally the worked hard to keep our chain running in heavy moments, they always supported us. So this is their Christmas gift.
Thank You dear miners for supporting us. Special thanks to Mr. Savva & Mr. Andrei, P2Pool nodes admins.
We advise to miners to use this coins for MN setups. More MN’s will make the network more fast and stable.
We haven’t planned the situation this way. But we respect 3 essential things:
1 THE CHAIN MUST STAY STABLE
2 BLOCK IS THE LAW
3 THE PROMISE MUST BE KEPT.
Having such a great support and trust from the Community, we don’t see price decrease, on the contrary, we believe it to grow due to the Community support and our next planned development steps.
Thank You very much.
We work for the Community!
