Burn_Mechanism
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Crypto Speak : Token Burning
Token burning is a deliberate strategy used in the cryptocurrency world where developers remove a portion of tokens from circulation. This act of creating scarcity can potentially drive up the token's value by reducing supply while maintaining or increasing demand.
For instance consider a gaming token with 10 million tokens in circulation. To boost value, developers might burn 2 million tokens, reducing the supply to 8 million. With fewer tokens available, the remaining ones could become more valuable, attracting both investors and players.
Token burning isn't just about increasing valueâit's also a way to manage supply and prevent inflation by burning newly generated tokens. While it doesnât guarantee success, itâs a powerful tool for projects aiming to enhance value and reward loyal holders.
Understanding token burning is key for anyone involved in crypto, as it can significantly influence a project's value and growth potential.
#HMSTRonBinance #Burn_Mechanism
$BTC $BNB
Token burning is a deliberate strategy used in the cryptocurrency world where developers remove a portion of tokens from circulation. This act of creating scarcity can potentially drive up the token's value by reducing supply while maintaining or increasing demand.
For instance consider a gaming token with 10 million tokens in circulation. To boost value, developers might burn 2 million tokens, reducing the supply to 8 million. With fewer tokens available, the remaining ones could become more valuable, attracting both investors and players.
Token burning isn't just about increasing valueâit's also a way to manage supply and prevent inflation by burning newly generated tokens. While it doesnât guarantee success, itâs a powerful tool for projects aiming to enhance value and reward loyal holders.
Understanding token burning is key for anyone involved in crypto, as it can significantly influence a project's value and growth potential.
#HMSTRonBinance #Burn_Mechanism
$BTC $BNB
the total supply is 550Billion if we manage to burn at list 10 billion it will roket the price to all time high let keep tapping on burn #dogs #Burn_Mechanism
SHIB Burn: Unraveling the Burning of 449 Million Shiba Inu Token
In the few days of time, SHIB Burn has caused the burning of 449 Million Shiba Inu Tokens. What's more to come?
#CryptoMarketMoves #shiba⥠#Burn_Mechanism #PowellAtJacksonHole #BlackRockETHOptions $SHIB
In the few days of time, SHIB Burn has caused the burning of 449 Million Shiba Inu Tokens. What's more to come?
#CryptoMarketMoves #shiba⥠#Burn_Mechanism #PowellAtJacksonHole #BlackRockETHOptions $SHIB
#Memecoins__
$PEPE
17Billion pepe breakout and a significant correction Soon ------- it will pumpđČđČđ€đ€đ°
Follow my page and make huge profit đđ
daily 200 to 300 % pnl.
#InsideNews #Burn_Mechanism #MillionaireGoals #Investment
$PEPE
17Billion pepe breakout and a significant correction Soon ------- it will pumpđČđČđ€đ€đ°
Follow my page and make huge profit đđ
daily 200 to 300 % pnl.
#InsideNews #Burn_Mechanism #MillionaireGoals #Investment
#Another Cheap Token with small Total Supply : $LEVER .. #LeverFi
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1) Actual Market Cap : ~ $84M
2) Circulation Supply : 29 B token.
3) Total Supply : 35 B Token.
4) Actual Price : ~0.003$ .
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#About_LeverFI :
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Beside the #Burn_Mechanism â
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LeverFi (LEV) is the governance token of the LeverFi protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain. LeverFi aims to provide users with access to leveraged trading, lending, and borrowing services in a decentralized manner.
The LeverFi protocol allows users to leverage their assets to amplify trading positions, earn interest on deposited assets, and borrow assets against collateral. The LeverFi token (LEV) is used for governance purposes, allowing holders to participate in protocol upgrades, voting on proposals, and other governance decisions.
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When we compare LeverFi's Total Supply with $PEPE 's Total Supply or $SHIB 's Total Supply we can see the huge difference â
PEPE: 420T token, SHIB : 920T Token.
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#Follow_me to be updated for such information .
___________________________________
.
1) Actual Market Cap : ~ $84M
2) Circulation Supply : 29 B token.
3) Total Supply : 35 B Token.
4) Actual Price : ~0.003$ .
__________________________________
#About_LeverFI :
.
Beside the #Burn_Mechanism â
.
LeverFi (LEV) is the governance token of the LeverFi protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain. LeverFi aims to provide users with access to leveraged trading, lending, and borrowing services in a decentralized manner.
The LeverFi protocol allows users to leverage their assets to amplify trading positions, earn interest on deposited assets, and borrow assets against collateral. The LeverFi token (LEV) is used for governance purposes, allowing holders to participate in protocol upgrades, voting on proposals, and other governance decisions.
___________________________________
When we compare LeverFi's Total Supply with $PEPE 's Total Supply or $SHIB 's Total Supply we can see the huge difference â
PEPE: 420T token, SHIB : 920T Token.
___________________________________
#Follow_me to be updated for such information .
___________________________________
SUN will be burn đ„ $SUN â
Sun token burn announced đąđąđšđšđŻ
Ready for the bullish period
$SUN
#SUNToken #Burn_Mechanism
Sun token burn announced đąđąđšđšđŻ
Ready for the bullish period
$SUN
#SUNToken #Burn_Mechanism
#LUNC #Burn_Mechanism
Terra Classic (LUNC) is expected to burn 2.5 trillion tokens through a collaborative initiative involving the Lithosphere blockchain and its developer, KaJ Labs. This effort is being integrated into a play-to-earn (P2E) gaming ecosystem, specifically through the "Finesse" game series, starting from October 2023. The burning mechanism will be embedded within the gameplay, accelerating the reduction of LUNC's supply.
Additionally, various crypto exchanges like Binance, KuCoin, and others have been supporting a burn mechanism through a 1.2% tax on transactions. This combined effort from both gaming and exchange activities aims to significantly lower LUNC's supply and stabilize its price.
Terra Classic (LUNC) is expected to burn 2.5 trillion tokens through a collaborative initiative involving the Lithosphere blockchain and its developer, KaJ Labs. This effort is being integrated into a play-to-earn (P2E) gaming ecosystem, specifically through the "Finesse" game series, starting from October 2023. The burning mechanism will be embedded within the gameplay, accelerating the reduction of LUNC's supply.
Additionally, various crypto exchanges like Binance, KuCoin, and others have been supporting a burn mechanism through a 1.2% tax on transactions. This combined effort from both gaming and exchange activities aims to significantly lower LUNC's supply and stabilize its price.
Solana Scam Alert: Permanent Delegate Function Used to Burn Tokens!!!
The scam:
Scammers on the Solana blockchain are exploiting a feature called the "permanent delegate function" to steal tokens from unsuspecting users. This function allows users to permanently delegate their voting rights to another account, essentially giving that account control over their tokens.
How it works:
 * Phishing: Scammers often use phishing tactics to lure victims into clicking on malicious links or downloading fake software.
 * Token Theft: Once a victim's wallet is compromised, the scammer can use the permanent delegate function to transfer control of the tokens to their own wallet.
 * Token Burning: The scammer then burns the stolen tokens, making them irretrievable.
Exchanges' Role:
Some exchanges have implemented warnings to alert users about this scam. However, not all exchanges have this feature. It's crucial for users to be vigilant and exercise caution when interacting with unknown sources or clicking on links.
#SolanaUSTD #scamriskwarning #Burn_Mechanism
Scammers on the Solana blockchain are exploiting a feature called the "permanent delegate function" to steal tokens from unsuspecting users. This function allows users to permanently delegate their voting rights to another account, essentially giving that account control over their tokens.
How it works:
 * Phishing: Scammers often use phishing tactics to lure victims into clicking on malicious links or downloading fake software.
 * Token Theft: Once a victim's wallet is compromised, the scammer can use the permanent delegate function to transfer control of the tokens to their own wallet.
 * Token Burning: The scammer then burns the stolen tokens, making them irretrievable.
Exchanges' Role:
Some exchanges have implemented warnings to alert users about this scam. However, not all exchanges have this feature. It's crucial for users to be vigilant and exercise caution when interacting with unknown sources or clicking on links.
#SolanaUSTD #scamriskwarning #Burn_Mechanism