QuemaDeTokens
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For those who don't know what it means when they talk about a Cryptocurrency burn
A cryptocurrency burn is like someone taking a portion of the existing coins and sending them to a place where they can never be recovered. Basically, those coins are taken out of circulation forever.
This is done by sending them to a special address (an inaccessible "wallet") that has no private keys, so no one can ever use them.
Why is this done?
1. Reduce supply: With fewer coins available, the remaining ones can increase in value (if demand stays the same or grows).
2. Increase the value of the coin: It's like creating scarcity, making each coin more valuable.
3. Fulfill project promises: Some projects promise to burn coins to benefit investors or maintain balance in the token economy.
Imagine you have 100 tickets to an event, but you decide to destroy 20 so that the other 80 are more exclusive and, in theory, more valuable.
#TopCoinsSeptember #QuemaDeTokens
A cryptocurrency burn is like someone taking a portion of the existing coins and sending them to a place where they can never be recovered. Basically, those coins are taken out of circulation forever.
This is done by sending them to a special address (an inaccessible "wallet") that has no private keys, so no one can ever use them.
Why is this done?
1. Reduce supply: With fewer coins available, the remaining ones can increase in value (if demand stays the same or grows).
2. Increase the value of the coin: It's like creating scarcity, making each coin more valuable.
3. Fulfill project promises: Some projects promise to burn coins to benefit investors or maintain balance in the token economy.
Imagine you have 100 tickets to an event, but you decide to destroy 20 so that the other 80 are more exclusive and, in theory, more valuable.
#TopCoinsSeptember #QuemaDeTokens
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š„More token burns, more value for Shiba Inu!š„
šIf we increase the amount of tokens burned, we would be helping to reduce the circulating supply of Shiba Inu (SHIB).
This could positively impact the project, improving its sustainability and creating a possible increase in its value in the long term. š
š„ Remember: Every burn counts for the future of SHIB. Join the cause!
#QuemaDeTokens #Shibalnu
$SHIB
šIf we increase the amount of tokens burned, we would be helping to reduce the circulating supply of Shiba Inu (SHIB).
This could positively impact the project, improving its sustainability and creating a possible increase in its value in the long term. š
š„ Remember: Every burn counts for the future of SHIB. Join the cause!
#QuemaDeTokens #Shibalnu
$SHIB