Burned this month 84 974 xtz. I know it's ManU but... @QuipTalk

Asked 1049 days ago
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Burned this month 84 974 xtz. I know it's ManU but still 1 Mil xtz a year 0.1% Imagine having inflation around this number

asked 1049 days ago

1 Answers

Answer: Burning fees is an effective way to reduce inflation and ensure that the value of the cryptocurrency remains stable. Burning fees helps to create a deflationary system, which means that the value of the cryptocurrency will increase over time as the amount of tokens in circulation decreases. Burning fees also helps to reduce the overall supply of tokens, which helps to maintain the value of the tokens. Additionally, burning fees helps to incentivize holders to hold their tokens for longer, as they know that their tokens are becoming more scarce and valuable over time. Ultimately, burning fees is an effective way to reduce inflation and maintain the value of the cryptocurrency.
answered 1049 days ago
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For me all fees should be burned, regardless of the inflation.
answered 1049 days ago

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