Revealing that burning half of the $PEPE tokens can make them rare!
The situation with PEPE sounds quite mystical, but it’s really just that simple. Initially, there were a total of 420 trillion PEPE tokens, but the developers thought that having so many tokens circulating in the market would make them seem less precious. So, they decided to burn 210 trillion tokens, which is half of the total, to make people feel that these tokens are rarer and more valuable.
However, there’s a pitfall to be aware of: burning tokens does not change the maximum number of tokens that can exist. This cap is like putting a tight spell on PEPE; no matter how many tokens are burned, the cap remains at 420 trillion.
You might think that if half are burned, the circulating tokens would be reduced by half, but it’s not that simple. The burned tokens might find their way back to the market through other means, such as staking tokens for rewards, or tokens being placed in liquidity pools, or even being reissued through community activities.
Moreover, burning tokens is not necessarily a one-time event; it could be a continuous process, or new tokens might be issued after burning. Additionally, projects may need to issue new tokens for various reasons, such as staking rewards, airdrops, or community benefits, which means that the number of circulating tokens may still be significant.
So we need to clarify two concepts: one is circulating tokens, which are those that can be bought, sold, and used in the market; the other is the maximum number of tokens, which is the total number initially set by the project, and that number is fixed at 420 trillion for PEPE. Don’t assume that just because half have been burned, the circulating tokens are also halved; that may not necessarily be the case.
Recently, I plan to position myself for a potential explosive coin that could double easily, and I am also looking for some potential coins to hold until the end of the year, expecting a space of over 10 times is not an issue. If you want to keep up, please like and comment for a free share.
