Recently, there's been a great deal of interest and enquiry from the community regarding the state of the CanYaCoin ($CAN) token supply— particularly since the impact of the Spartan Protocol 'burn'.
Here, we provide a token summary and update total supply (as of November 2020).
*Theoretical Total Supply of 95.827M is based on a 1:1 token swap being performed between Ethereum and Binance Chain and was derived from the circulating supply at the time of migration (i.e. 100M - 4.173M burn).
Binance Smart Chain
Binance Smart Chain (BSC) went live in September as a parallel chain offering smart-contract technology. The recent explosion of decentralised finance (DeFi) in the Binance ecosystem owes itself to BSC and is based on the BEP20 token standard.
Note: BEP2-$CAN can be reversibly interchanged with $CAN-BEP20—it's Binance Smart Chain counterpart.
Spartan Protocol Burn on BSC
As soon as BSC went live, a new community-driven project, Spartan Protocol charged onto the DeFi scene with their $SPARTA token and a unique approach to initial token distribution through the 'burning' of existing tokens.
Shelving our own plans for decentralised liquidity services on BSC, the CanYa community decided to support Spartan Protocol' which gave BEP20-$CAN holders the ability to ‘Burn for SPARTA’ — and they did!