With the 48 hour window having come to an end, Falconcoin wraps up a solid promotion of their new staking feature. As you can see from the numbers below - posted in the official Telegram channel - a decent amount of coins were locked up.
Prior to this promotion the circulating supply was around 8 million so this cut it almost in half. That'll go a long ways towards reducing supply and driving the price up.
On top of that good news comes a great update from the CEO:
While there are still plenty of obstacles to overcome for the platform to succeed long term, all of this bodes well. Still, a risky endeavor, so if you want to watch this one from the sidelines we definitely understand.
Stay tuned and we'll keep you posted on how they progress with the items mentioned above.