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Demystifying Token Burns: What Are They and How They Work

Guest Author May 31, 2020

Token burns are an increasingly popular topic of discussion among experienced cryptocurrency investors and traders. But despite this, few people actually know the purpose behind a practice that permanently destroys otherwise valuable coins and tokens for the good of the network. Here, we demystify one of the fundamental building blocks of controlled supply, helping you

Token burns are an increasingly popular topic of discussion among experienced cryptocurrency investors and traders. But despite this, few people actually know the purpose behind a practice that permanently destroys otherwise valuable coins and tokens for the good of the network. Here, we demystify one of the fundamental building blocks of controlled supply, helping you

binance
Altcoin News
binance
Altcoin News

Binance Crypto Exchange Records Highest Quarterly Volume

Nivesh Rustgi April 18, 2020

World’s leading crypto exchange, Binance, recorded the highest quarterly volume evident by the amount of coin burn for Q1 2020. According to the original Whitepaper, every quarter, it burns 20% of its profits. The estimates suggest a profit higher than $262.33 million in the Q1 of 2020. Update: According to sources, Binance has changed the

World’s leading crypto exchange, Binance, recorded the highest quarterly volume evident by the amount of coin burn for Q1 2020. According to the original Whitepaper, every quarter, it burns 20% of its profits. The estimates suggest a profit higher than $262.33 million in the Q1 of 2020. Update: According to sources, Binance has changed the

Altcoin News
Altcoin News

Okex Exchange Token Shoots up 45% after Burning 70% of it’s Total Supply

Nivesh Rustgi February 11, 2020

OKex Token is up over 45% as it breaches the $5.5 mark. The rise in the exchange token began after it made the announcement of the launch of it’s Blockchain ecosystem, OkChain, followed by burning 70% it’s from it’s total supply. The price of Okex at 3: 10 hours UTC on 11th February 2020 is

OKex Token is up over 45% as it breaches the $5.5 mark. The rise in the exchange token began after it made the announcement of the launch of it’s Blockchain ecosystem, OkChain, followed by burning 70% it’s from it’s total supply. The price of Okex at 3: 10 hours UTC on 11th February 2020 is

stellar coin burn
Altcoin News
stellar coin burn
Altcoin News

Stellar [XLM] Supply Cut by Half, but Market Capitalization Changes by 20%- Here’s Why

Nivesh Rustgi November 5, 2019

The Stellar Development Foundation (SDF) announces a token burn of more than 50% of its total supply. The decision was made to improve the efficiency of the development of the token. The price of XLM gained over 20% following the announcement. Decreasing the supply has a positive effect on the crypto token, but not up

The Stellar Development Foundation (SDF) announces a token burn of more than 50% of its total supply. The decision was made to improve the efficiency of the development of the token. The price of XLM gained over 20% following the announcement. Decreasing the supply has a positive effect on the crypto token, but not up

Binance-CZ-sues
Bitcoin News
Binance-CZ-sues
Bitcoin News

Binance CEO Responds to Concerns Around BNB Supply and New Token Burn Process

Nivesh Rustgi July 13, 2019

Binance concluded its token burning process on Friday, 12th July 2019, as it destroyed over 808,888 BNB tokens. The value of the tokens burned is $25.2 million at press time. It represents the 20% quarterly profit of the Exchange. The design of the Binance [BNB] coin is such that Binance will burn about 100 million coins

Binance concluded its token burning process on Friday, 12th July 2019, as it destroyed over 808,888 BNB tokens. The value of the tokens burned is $25.2 million at press time. It represents the 20% quarterly profit of the Exchange. The design of the Binance [BNB] coin is such that Binance will burn about 100 million coins

Binance Coin
Altcoin News
Binance Coin
Altcoin News

Binance [BNB] Coin Nears its All-Time High; What’s Really Going On?

Nivesh Rustgi April 17, 2019

Binance [BNB] has risen by more than 200% since the beginning of the year. Binance has also recovered around 80% value from it’s All-Time High (ATH). The All-time High (ATH) value of BNB is $26.5. Binance [BNB] coin registered at a high of above $22 on 1st and 2nd April 2019. BNB is currently placed

Binance [BNB] has risen by more than 200% since the beginning of the year. Binance has also recovered around 80% value from it’s All-Time High (ATH). The All-time High (ATH) value of BNB is $26.5. Binance [BNB] coin registered at a high of above $22 on 1st and 2nd April 2019. BNB is currently placed