StakeCube Debt Tokens Update

Dear StakeCube Community,

Lately, we’ve noticed few initiatives within our community focused on purchasing debt tokens and initiating burns. We want to take a moment to express our sincere appreciation for these efforts, coming from both projects and individual community members. Your dedication fuels our shared mission to reduce debt, and for that, we extend our heartfelt gratitude.

Now, we’d like to share some exciting updates aimed at making these burns more accessible and transparent than ever before. Initially, we considered enabling internal transfers to the StakeCube (SC) wallet and subsequently burning the tokens during our weekly burns. However, we’ve rethought this approach.

Internal transfers: We are pleased to announce that we will be enabling internal transfers to any user on the platform. This adjustment allows for more direct involvement from the community.

Debt Token Withdrawals: Furthermore, we are enabling the ability to withdraw debt tokens exclusively to the burn address: sccburnaddressXXXXXXXXXXXXXXSfqakF. This means that anyone within our community can independently contribute to debt reduction by sending tokens directly to the burn address. These on-chain transactions will serve as visible markers of our collective progress.

We are incredibly grateful for your unwavering support. It is through collaboration and shared commitment that we continue to grow and improve. Together, we will achieve new heights.

Warm regards,

CK and the StakeCube Team