Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => EOS Forum => Topic started by: sirty143 on April 15, 2020, 03:01:41 AM
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The EOS network went through another burn of tokens worth up to $132 million after the community decided on annulling redundant assets. Additionally, supply growth will be curbed to 1% per year, from 5% per year... See more for yourself here (https://bitcoinist.com/eos-burns-132m-worth-of-tokens-to-curb-inflation/).
Your opinion is greatly appreciated.
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i have never supported token burning. why don't these project owners distribute these tokens as airdrops to eos supporters. there is a pandemic currently ravaging the world and people are running short of funds because of the lockdown. why not distribute this token to everyone.
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That's because they can't afford to lose the $132,000,000 for free. It's already a treasure for someone as poor as I am! ;)
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The burning of the EOS network proves that the developers of EOS want to raise their prices by being accomplished, by burning some coins so that the supply becomes less.
Tricks like this are widely used in various systems of famous coins such as Binance Coin.
EOS burns coins in its network and Binance coins burns its own coins so that the supply in circulation decreases and prices rise.
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In fact, Binance's goal is to cut 200 million tokens to halve the total number of BNB tokens. In order to prevent BNB from losing value, Binance buys a certain amount of tokens every year by buying it back from the market and thus aims to raise the value of BNB.They continue very successfully.EOS be like this? I don't think so!