$NOT Monday BEARISH Update ๐ฅ
๐ฅ Coin Burning Announcement ๐ฅ
Important for Crypto Newcomers:
1. Understanding Coin Burning:
Coin burning is when a cryptocurrency permanently removes a portion of its supply from circulation. This can create scarcity, potentially increasing the value of the remaining coins.
2. Sell the News Effect:
Many traders know about the burn announcement beforehand and enter short positions.
Contrary to what some may expect, the price usually grows before the news and dumps after the announcement. This is known as the "sell the news" effect.
3. Current Market Behavior:
This explains why NOT is dumping now despite the burning news.
Key Takeaway:
Stay informed and understand market behaviors to make better trading decisions. ๐ก
๐ Xai Vanguard:
Revolutionizing Blockchain Gaming! ๐ฎ
๐ What is Xai Vanguard?
Xai Vanguard is set to transform the gaming world by becoming the top game in the blockchain space! Itโs developed by Offchain Labs using Arbitrum technology.
๐ Key Features:
1. Real Economies in Games:
Enables billions of gamers to own and trade valuable in-game items without needing crypto-wallets.
2. Support the Network:
Operate a node to receive rewards and participate in governance.
๐ฅ Vanguard League:
Currently a channel in the Xai Discord community.
Expected to become a gaming league named Vanguard.
Those with the Vanguard role will have a head start in the League.
๐ Seamless Blockchain Integration:
Gamers will interact with blockchain tech and NFTs without realizing it.
Aimed at overcoming the adoption barrier of creating and managing crypto-wallets.
๐ฐ XAI Token Uses:
1. Gas Token:
Facilitates transactions on the Xai blockchain.
2. Validator Rewards:
Rewards for nodes validating transactions.
3. Gaming Payments:
Accepted as payment within the gaming ecosystem.
Join the revolution and be part of the future of gaming! ๐
