Organix Foundation announces to burn 126 million TPT obtained from public sale

Organix started the token sale at 20:00 (SGT) on August 15, 2020. The total sale amount is 20,000,000 OGX, accounting for 20% of the total. The total amount of TPT for swap to OGX is 5,000,000 (accounting for 25%). According to the public swap ratio of 1 TPT=0.03958 OGX, the total amount of TPT swapped is 126,326,427.4996. The Organix Foundation now decides to send 126 million TPT to the TPT burning address: tpburningacc.

About Organix
Organix is a decentralised synthetic asset issuance and trading protocol based on EOS, which can mint synths like fiat currencies, commodities, cryptocurrencies, inverse cryptocurrencies, and cryptocurrency indexes through staking OGX as the collateral. The project is incubated by the TokenPocket and is supported by the Hoo DeFi Development Fund and the Newdex Seed Fund.