Note: This article explains the burn function of GCG. GCG is now on TRON Network, and the burn function behaves differently& daily.
Coin burning is the process of permanently removing coins from circulation, reducing the total supply.
After GCG is converted to TRC 20 (Tron Network),GCG burn was introduced.When the GCG was part of the Ethereum network, GCG was made 100% distributed. GCG Burn process will go through the use of a smart contract function known as burn function. The GCG burning events are scheduled to take place daily until 500,000,000 GCG are finally destroyed, which represents app 17% of the total GCG ever issued (600,000,000 GCG).
Note : The amount of GCG coins to be burned is based on the number of GCG used in ecosystems starting from www.gulfcoingold.com & whenever GCG will be used in other ecosystems to LAUNCH. Hence GCG BURN will performed on daily basistransparently.