Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Oxumare on September 21, 2020, 10:53:54 AM

Title: CREAM Finance made a massive token burn
Post by: Oxumare on September 21, 2020, 10:53:54 AM

Burned 67% of CREAM tokens, which means that more than $ 6 million of CREAM tokens will disappear forever once the burning is complete.
In my opinion, a convergence of this magnitude can have two consequences: either it means a significant loss of market value (in case the project has underlying value or a lack of trust), or the price of each token increases when there is an aim to match the new supply with the market value.
When I increased 130%, I sold the CREAM tokens in the wallet. I think this was an increase that should be evaluated.

Title: Re: CREAM Finance made a massive token burn
Post by: hair on September 22, 2020, 08:38:26 PM

Well. I just heard about Cream token, what is unique about this token? so burned token can provide advantages and disadvantages?