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OmniCoin blockchain

Over Eight Billion OmniCoins Were Intentionally Destroyed to Benefit Users

OmniBazaar, Inc. and OmniCoin Foundation Company jointly announced that 84% of all issued OmniCoins were intentionally destroyed ("burned") on 25 December as a surprise holiday gift to OmniCoin holders and users. OmniCoins are the native cryptocurrency of the OmniBazaar peer-to-peer e-commerce marketplace. The destroyed tokens were issued at the creation of the OmniCoin blockchain in October 2018. They were issued to OmniCoin Foundation Company to be sold in token sale events (such as an ICO or IEO) to raise money for…