Today, I am truly humbled by our ecosystem founders and teams. 2 stories. A thread worth your time. 1/12
There is @JLSwipe who adjusted his decisions based on community feedback, demonstrating he has the humility to listen to users and do what’s right. The community really appreciated his actions.
The 2nd story, seeing from the comments, most people seem to have not picked up the significance of it. 3/12
If you had $2,300,000,000 USD worth of tokens, do you have what it takes to burn it?

4/12
That’s what @TrustWalletApp team just did. $2,301,540,000 USD worth of $TWT burned, or roughly 99% of the total supply of $TWT.

Why?

5/12
Well, you can read this simple blog post by @vikmeup and team. But it doesn't say much, other than it was an experiment to begin with, and they felt it was the right thing to do. https://twitter.com/TrustWalletApp/status/1312313330946711553?s=20
But how many people can burn down a $2 billion dollar experiment?

I was informed of it along the way. Other than nodding along, I didn't say much. I was curious to see what happens. I am truly impressed by @vikmeup and team.

7/12
To me, this shows the #Binance ecosystem teams are not driven by money, but by mission. @vikmeup is not poor, but nowhere near having FU money, yet. And yet, he was not deterred the slightest by this amount of money. He led it the whole way, no fan flare, just business as usual
In fact, after creation of the $TWT, Viktor transferred all tokens to treasury. When doing the burn, it was found out that on Binance Chain, only the issuer address can burn. So, the tokens were transferred back, and Viktor burned it a few minutes later.
It was the most nonchalant sequence of tasks. But if you pause to think about it. More than 2 billion USD in value, transferred in seconds, then destroyed, is just mind blowing. I just watched it with some amusement. In fact, I was somewhat busy with other matters, lol.
There could be endless possibilities a money driven team could have pursued with the tokens. None of them were even brought up or discussed. The team simply said a burn was the right thing to do. That was that.

11/12
I am deeply honored to be part of the #Binance ecosystem. đź‘Ź

@vikmeup @JLSwipe đź‘Źđź‘Źđź‘Ź @TrustWalletApp @SwipeWallet
#Binance

12/12
You can follow @cz_binance.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: