Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: BoredApe on February 14, 2022, 03:38:01 PM
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Hello all members.
I am new in crypto since summer, invested here and there some little money, some won, some lost. Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.
The token has not launched yet.
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Burning a part of the issued cryptocurrency by her team is already quite often practiced and there is nothing surprising in this. The project team can burn that part of it that they buy out of circulation. This is done in order to increase demand for it and increase its price. Even the ethereum team has started burning their coins, which come in as transaction fees. This is a normal process.
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Burning a part of the issued cryptocurrency by her team is already quite often practiced and there is nothing surprising in this. The project team can burn that part of it that they buy out of circulation. This is done in order to increase demand for it and increase its price. Even the ethereum team has started burning their coins, which come in as transaction fees. This is a normal process.
So this could be really good ? Like decreasing supply, increasing price ?
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Token burning was a strategy to reduce supply and create scarcity in order to increase the price of tokens, but it is now being abused by new projects. They burn too many tokens while not creating any value for the ecosystem and tokens. That project will be forgotten as the market goes into crypto winter.
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I think am also confused with how the project devs can be able to achieve that not unless they really have a huge amount of tokens and then what can be remaining after the burning will be the one to be used for swapping according to the percentage in computation. I have seen this similar strategy where a person can get 1 new token for let's say 100 of the original token. Now, since I am just guessing the best for you to do is to maybe get into the Telegram channel of the project and ask the admin on the matter am sure he can clarify your concern.
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I think am also confused with how the project devs can be able to achieve that not unless they really have a huge amount of tokens and then what can be remaining after the burning will be the one to be used for swapping according to the percentage in computation. I have seen this similar strategy where a person can get 1 new token for let's say 100 of the original token. Now, since I am just guessing the best for you to do is to maybe get into the Telegram channel of the project and ask the admin on the matter am sure he can clarify your concern.
[/quote
babycharizard.online/whitepaper
This is the whitepaper, what do you think? It is more information.
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As @Alcor has said, burning coins/tokens is a common practice for the rest of the supply to gain value. The most common is to do it after a sale (public or private), eliminating the coins/tokens that have not been sold. On the other hand, what doesn't seem "normal" to me are the percentages you mention, they seem too high to me, but I don't know what the project you're talking about is either. Always be careful and remember: DYOR.
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Hello all members.
I am new in crypto since summer, invested here and there some little money, some won, some lost. Few days ago found something very weird tokenomics, and I did not understood it very well. How is it will ending up?? How is this possible?? There is an agressive burning mechanism, meaning 85% of the SOLD tokens will be burning from TOTAL SUPPLY. I mean what if somebody buys 30%, and then he sells, so devs burning 27% from total supply??? What if no coins left, I really dont understand how is it will going, but interesting....I would like to know wha you think about this.
The token has not launched yet.
Friend, though your English is not very clear, but the term tokeconomics covers all aspects involving a coin/token’s creation, management, and sometimes removal (burning) from a network.This idea are common from certain numbers of projects and are normally written on projects white papers for investors or participants views. However, some of the plans or goals of these projects are explained in there. Try to visit white papers to be familiar with these projects before investing.
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Burning tokens by new projects just became fashionable, in my opinion, when the YFI token exceeded the price of bitcoin for a while. This phenomenon was explained by the fact that the supply of these tokens was very small, about 30,000. Now, on their websites, some teams indicate that some of their tokens will be burned in the future. But if initially too many tokens are issued, while their price is artificially inflated, and then some of them are burned, then there will be no sense in this.
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Oh my friend. There is no need to worry about this, since burning tokens almost always leads to an increase in the price of the token. It has already happened when the token rate went up. Please, do not worry!
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Oh my friend. There is no need to worry about this, since burning tokens almost always leads to an increase in the price of the token. It has already happened when the token rate went up. Please, do not worry!
Burning tokens is always positive for the project and the investors, it is true, but that burning of tokens must follow a logic. If the tokenomics is not calculated correctly from the beginning of the project, it can create liquidity problems in the future, cause the project to lose credibility and end up in a massive dump. A vesting plan is usually the best, but it must be well organized to avoid possible future problems like the one I have mentioned.
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the combustion system that I know is, when the supply is still in the treasury, or belongs to no one. when it's in someone's private wallet it can't be burned. but if it can happen, it's very dangerous to buy. learning its tokenomic is important.
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the combustion system that I know is, when the supply is still in the treasury, or belongs to no one. when it's in someone's private wallet it can't be burned. but if it can happen, it's very dangerous to buy. learning its tokenomic is important.
Exactly, there is no other way to burn tokens. To burn tokens they must be at the address where the contract is deployed. The contract does not have the ability to burn tokens that are in investors' wallets. That is why I said in a previous post that everything seemed very strange to me, because if the contract or the team wants to access the investors' wallets, it is very possible that it is a scam. I would never participate in such a project, things must be transparent from the beginning.