Instructions on destroying all CHE held by the team and investment institutions

[Important] Instructions on destroying all CHE held by the team and investment institutions

In order to make the economic system of CHE (CherrySwap Token) more sound and healthy, after consultation with the investment institutions, we have made the following decisions.

1. The investment institution's investment in CherrySwap is changed from currency rights to equity investment, and the institution no longer holds CHE;

2. All CHEs held by the team and investment institutions will be destroyed. The CHEs locked in the HOLDER will be destroyed directly after the lockup ends.

3. Market unused CHE destroyed to 5,000,000 CHE.

Destruction Details

Strategic financing institutions: Holding 18,972,352 CHE, destroy 8,503,854 CHE, and destroy the remaining 10,468,500 CHE after the HOLDER lock-up expires;

Team: Holding 19,421,560 CHE, destroy 19,421,560 CHE, 0 remaining after destruction.

Market: Holding 9,897,437 CHE, destroy 4,897,437 CHE, remaining 5,000,000 CHE after destruction.

A total of 32,822,851 CHE was destroyed.

Destroyed hashes

https://www.oklink.com/en/oec/tx/0xe4f3480ca33da9bcbc0f35445398bdd7d8a0290b73e1b2605f3558b95181c2bb

https://www.oklink.com/en/oec/tx/0x8ec64f9b07164182770d4d83c8a360a7f910a7599cc2b8f741ecfb6aa9bee055

https://www.oklink.com/en/oec/tx/0xbb8b9b28229db363357816734dfb0e1d3be890da3bd2e638e0f0d202883cecee

In 2022, the CherrySwap team will actively explore more new destruction mechanisms and promote further destruction and deflation of CHE in conjunction with CherrySwap's DEX business, allowing all CherrySwap community members and supporters to enjoy the increased value of their CHE positions as the total supply and circulation decreases and the application scenarios increase, thus forming a new economic ecology.

Thank you for your support!

CherrySwap Team