Reading Time: 4 mins read Cairo, Egypt – 21 April, 2021 – The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the Nafeza National Single Window for Foreign Trade Facilitation, built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain service provider. So, what exactly is CargoX, and why is this great news for the crypto community? The answer is – CXO token burn and scarcity! What is CargoX and what is CXO? The CargoX project with its CXO token is a unique gem in the crypto space that has brought to life a NFT-based transfer of Bills of Lading and other documents of title and original documents in the shipping industry, finance and other industries B2B or B2G. Its smart contracts are fueled by their CXO token of which only 215 million have been minted at genesis in 2018 – and they burn a hefty amount for every document produced and transferred on the platform. If the company does not hold enough tokens, they need to purchase them on the exchanges. Please note the burn amount can be changed at any time by the management.