I will send 5000 stranded-wZNN from my address:
0x3849192fFe02558d039cAD22f325340C9e961A7c
to the BNB “blackhole” address:
0x000000000000000000000000000000000000dEaD
Burn will be verifiable on BNB chain.
A minimum request of 100 QSR is required as part of an AZ. Therefore, I will send 100 QSR to the Accelerator Z address and provide proof.
Total Requested
5,000 ZNN, 100 QSR
Reminder
The first vote in Syrius is to approve the proposal. After the proposal is accepted, I will burn the wrapped tokens, send 100 QSR to the AZ contract, post proof, and request payout.
Burning the wZNN permanently removes them from circulation, just as the bridge contract would remove the 1:1 BSC coins from circulation upon redemption to mainnet.
The added benefit in this case is that the burned wZNN can never return into circulation on the old BSC contract, so it is a one way path to cleaning up the balance remaining on that BSC contract.
This method overall is congruent with the old BSC contract continuing to trade freely which is important because we don’t have control of that token contract anyway - so we can’t stop that BSC token contract from being traded. This is one reason why it is important for Pillars to take a non-interventional approach - so as not to cause problems with the open and free market on these wZNN coins.
The goal is to clean up the remaining balance on the old BSC contract by burning the balance to zero. The only way to burn the tokens is for the owners to burn them either manually or by willfully interacting with some kind of redeem contract.
