How to destroy Nano coins

The Nano destruction mechanism is designed to prevent spam attacks and maintain network health. Users destroy Nano through OKX’s “Destroy Nano” function, permanently and irrecoverably removing it from circulation. This move reduces the number of accounts on the network, thereby increasing the cost of sending large amounts of spam transactions to the network, and strengthens network security.

Detailed explanation of Nano destruction mechanism

Key points:

• Nano The destruction mechanism is designed to prevent spam attacks and maintain network health.
• User destroys Nano using OKX's "Burn NANO" function.
• After the destruction is completed, Nano will be permanently destroyed and cannot be restored.

Detailed steps:

1. Visit OKX platform

• Visit OKX official website: https ://www.okx.com/
• Create or log in to your OKX account.

2. Navigate to the "Destroy NANO" page

• Hover the mouse over the "Assets" menu and select "Balance".
• Under the "General Balance" tab, find your Nano (NANO) balance.
• Click the "More" button and select "Destroy NANO" from the drop-down menu.

3. Enter the amount to be destroyed

• Enter the amount of Nano you want to destroy in the "Amount to be destroyed" field.
• Note: The amount of Nano you enter must be a multiple of the decimal point, and the minimum amount to be destroyed is 1 NANO.

4. Select Destroy Account

• Select the account you want to destroy Nano from from the drop-down menu.
• Make sure the account you choose has enough Nano available for burning.

5. Confirm destruction

• Check your destruction information carefully, including quantity and account.
• Once confirmed, click the "Confirm Destruction" button.

6. Destruction completed

• After the destruction process is completed, you will receive a confirmation email confirming that Nano has been removed from your account destroy.
• Destroyed Nanos are not recoverable and will be permanently removed from circulation.

Frequently Asked Questions (FAQ):

Q: Why is Nano destroyed?

• The Nano destruction mechanism is designed to prevent spam attacks and maintain network health. Destroying Nano reduces the number of accounts on the network, thereby reducing the cost for attackers to send large amounts of spam transactions.

Q: Can I destroy my Nano at any time?

• Yes, you can destroy Nano at any time via OKX.ただし、It should be noted that the destroyed Nano will not be recoverable, so please consider carefully before destroying it.

Q: Can I get a refund after destroying the Nano?

• No, there are no refunds for destroyed Nanos. Therefore, before proceeding with destruction, make sure you fully understand the consequences.

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