What happens to the supply of LUNC token after the burn date?
MASTI EVERGREENDec 24, 2021 · 3 years ago3 answers
After the burn date, what will be the impact on the total supply of LUNC tokens? Will the supply decrease or remain the same?
3 answers
- Dec 24, 2021 · 3 years agoAfter the burn date, the supply of LUNC tokens will decrease. Burning tokens means permanently removing them from circulation, which reduces the total supply. This can have a positive effect on the token's value as it creates scarcity and can increase demand.
- Dec 24, 2021 · 3 years agoWhen the burn date arrives, the supply of LUNC tokens will be reduced. This is because burning tokens involves destroying them, which effectively takes them out of circulation. It's a way to manage the token's supply and potentially increase its value.
- Dec 24, 2021 · 3 years agoAfter the burn date, the total supply of LUNC tokens will be reduced. This is a common practice in the crypto space to control inflation and maintain the token's value. By removing tokens from circulation, it can create a sense of scarcity and potentially drive up demand for the remaining tokens. However, it's important to note that the specific details of the burn process may vary depending on the project and its tokenomics.
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