BLTG 2021 update

Block-Logic Technology Group
2 min readApr 11, 2021
Bltg token premine burn

BLTG update

Hi everyone, it has been nearly 2 years since our last post, we have been through a pandemic, and we hope everyone is safe and doing well.

Most will say or think that the project has died, however this is the complete opposite, so we come bearing news.

As of this week we have now activated Governance at block 1280000, by doing this we are transferring the decision power to the community for any new projects or developments in the future.

Adding to this we have also stopped looking for other projects, projects that may have been abandoned by their developers, we no longer believe that it is possible to have other communities merge with us, and to this effect we have also burned the premine that was allocated for this end.

Below is the link to the burn transaction
https://openchains.info/coin/bltg/tx/7adbb3b4b9bf5bfb6bf182dcb58e0610e18caeb24decfbdc188a94c19287ef6f

Having burned more than 8 million tokens, this now reduces the risk to new supporters of the project, we have kept a small amount of 300k for project development and other funding needs should they arise.

We would also like to invite everyone to register and join us in our Blockfiniti platform which is now ready and available to the public.

Come discover how to use and manage your data and files in a distributed network where you can’t be censured.

We will do our best to keep everyone updated of any further developments.

BLTG Team

Originally published at https://medium.com on April 11, 2021.

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Block-Logic Technology Group

Block-Logic is building the next generation Peer-to-Peer Intelligent Data Platform. This Ecosystem will be backed by Block-Protect, Block-Pay & Block-Purchase