IoTeX Official Group

12 Dec 2024 04:38

Reminder to all delegates. Update your nodes.

Stakers, holders, we do not have to do anything

https://x.com/iotex_dev/status/1864379314310926742

IoTeX Official Group

12 Dec 2024 03:24

https://x.com/HoumanShadab/status/1866906021454811611?t=Wq1pbqhZVB24241lTT2NWA&s=35

IoTeX Official Group

12 Dec 2024 03:12

https://x.com/DefiLlama/status/1866875104174673974?t=uYXYcsGg3R2eKIRVMVGezA&s=35

IoTeX Official Group

12 Dec 2024 03:08

Get Goated Mini-App is live!

You can now conveniently earn BINOBITS on Telegram.

Sign-Daily, circulate your referral code to other TG friends, complete the tasks and earn.

Mini-app: https://t.co/xZ5U3aFcXj

https://x.com/iotex_io/status/1866958190513992028

IoTeX Official Group

12 Dec 2024 02:28

Yep I am not sure how much remaining erc20 iotex is currently being used.

IoTeX Official Group

12 Dec 2024 02:19

Yep 95% from total supply but I am too not sure how much erc20 iotex is remaining for burn or not burned and to be minted in iotex native chain.

IoTeX Official Group

12 Dec 2024 02:14

Please check above details 🙏

IoTeX Official Group

12 Dec 2024 02:05

https://x.com/iotex_io/status/1866958190513992028 Don't forget to check your Get Goated Season 2 Campaign dashboard!

IoTeX Official Group

12 Dec 2024 01:53

It's not accessible afaik

IoTeX Official Group

12 Dec 2024 01:52

Don’t developers know? I want to study about 3 billion.

IoTeX Official Group

12 Dec 2024 01:48

So, out of the total supply of 10 billion, can 3 billion be considered burned?

IoTeX Official Group

12 Dec 2024 01:46

Each of the 3 billion will have its own purpose, but if about 200 million are used as a bridge reserve fund, I wonder what the 2.8 billion will be used for.

IoTeX Official Group

12 Dec 2024 01:42

I also understand the process. So shouldn’t the 3 billion iotx exist on a different chain? Are you saying that 200 million erc20 iotx, ciotx, etc. total 3 billion?

IoTeX Official Group

12 Dec 2024 01:40

Afaik, as per my limited knowledge. It's stuck there.
Example

100 IOTX sent to null on IoTeX => 100 IOTX unlock on Eth
100 IOTX on Eth sent to Null => 100 IOTX unlocked on IOTX

Over the years, the amount just builds up.

I mentioned burn and mint. I'm not sure if we actually use the lock and mint. If you want immediate answer, that's not possible atm

EDIT: 12/12/2024, 0216 UTC, this info is inaccurate. Please see /channel/IoTeXGroup/927541

IoTeX Official Group

12 Dec 2024 01:35

Among the 3 billion iotxs, there are 200 million erc20s, and what are the remaining 2.8 billion used for?

IoTeX Official Group

12 Dec 2024 03:28

https://x.com/depin_jesus/status/1866918499496419516?t=whA3QG8bbsg5Oz4sA0YGIA&s=35

IoTeX Official Group

12 Dec 2024 03:15

Additional info from one of our OGs @Charlie_Lover. This contains the important bit that I missed

====================

https://iotexscan.io/address/0x0000000000000000000000000000000000000000#transactions
Hi, this is the Burn Address.

Iotex had a total supply of 12.7b when it was minted, and 2.7b was sent to the burn address to keep the total supply at 10b.
Here is the documentation: https://github.com/iotexproject/iotex-bootstrap/blob/master/postmortem/2019-04-23.md

Since its launch, Burndrop has burned a total of 292 million iotx tokens + The number of users who made mistakes, adding up to almost the same number of burn addresses.

Burndrop Data: https://burndrop.iotex.io

IoTeX Official Group

12 Dec 2024 03:12

https://x.com/CESS_Storage/status/1866350479573487983?t=PScFXhz0wUBvYPae7sCbxg&s=35

IoTeX Official Group

12 Dec 2024 02:52

https://x.com/Zebu_live/status/1866814655919796692 Our Giuseppe will be reppin us, IoTeX

IoTeX Official Group

12 Dec 2024 02:21

That can't be possible, when the migration happened, not everything was out yet.

Nevermind, the burned ones will never be accessible..if we can access it here, then we can access the address on other EVM chains too :P

IoTeX Official Group

12 Dec 2024 02:16

Yep that's true. I'm just not too sure about no.2
Because there was a vesting schedule sort of. The 95% is not from the total right?

IoTeX Official Group

12 Dec 2024 02:13

Just want to share some off my knowledge about erc 20 iotex

1)initially we migrated from erc20 to native chain for that we used burn in eth chain and mint in native chain.
2)I think 95% of erc20 token got burned in the process and minted in native chain.
3) once you burn something you won't get anything back again.
4)after sometime coinbase listed same erc20 iotex.
5)which lead to big trouble since we have less erc20 iotex.
6)before that we used to give 1:1 token drop through iotube but after coinbase listing the price went through the roof.
6)then we introduced concept called ciotex in iotube
7)we added ciotex /iotx(erc20) pair in uniswap v3 (but currently it's empty too)
8)we did everything to list coinbase native token they didn't listen to us.

IoTeX Official Group

12 Dec 2024 01:55

Busy/sleeping probably. Our Devs are in US/Canada/Singapore/Europe

This is eth's btw https://etherscan.io/
https://etherscan.io/address/0x0000000000000000000000000000000000000000

IoTeX Official Group

12 Dec 2024 01:53

I'm not a developer. You'll find the same address on Etherscan

IoTeX Official Group

12 Dec 2024 01:51

Haha that'd be wonderful...but I don't think it's as simple as that because afaik, if it's from bridge, it's used to trigger a smart contract. So yeah...it's quite confusing, at least for me..but null is inaccessible to anyone

And as EVM compatible chain, that null address is common to all EVM

IoTeX Official Group

12 Dec 2024 01:47

I don't think that amount in the 0x00 is useable

IoTeX Official Group

12 Dec 2024 01:45

Like I said, it's not just the bridge that use the null address. I've seen the address in bridge transactions mostly.
The amount of IOTX-ERC20 that can exist on Eth is limited to a certain figure. Once we reached that limit, in the past, the bridge just stopped working (IoTeX => Eth)

IoTeX Official Group

12 Dec 2024 01:42

and iirc, there are other transactions which might use the null as a burn address. I can't remember which projects though (either as tax burn or something like that)

IoTeX Official Group

12 Dec 2024 01:35

I don't quite understand.

IoTeX Official Group

12 Dec 2024 01:31

No. That's not accurate. The amount of IOTX-ERC20 will never reach that. It's very limited. Less than 200mill erc20 can exist on Eth iirc. Don't quote me on that though. It's probably cumulative after all the years.