SHIBONK

What does Burning do? Burning tokens can provide beneficial results for investors in cryptocurrency. When tokens are burned, the total number of tokens decreases and their value tends to increase as the supply of tokens diminishes. The scarcity this creates drives up the price for remaining coins, meaning those who still own them see an increase in value. Burning tokens on a Crypto asset like $SBONK which has a set supply and is impossible to increase, turn the asset Deflationary, thus raising demand for remaining coins on the market.Why should you invest in Deflationary assets? Investing in a deflationary crypto asset has several potential benefits. It is likely that the value of a deflationary asset could increase over time due to scarcity. Additionally, the decentralized nature of crypto assets makes them less vulnerable to economic downturns and government manipulation compared to fiat currencies.Stay tuned for further Burns from the Shibonk Team as we progress towards becoming a truly decentralized asset that benefits investors.Regards, bonktoshi Bonkamoto.

Burn Baby Burn!

SHIBONK Coin

Outros artigos publicados em 17 de jan. de 2023

New Milestone update to edeXa Public Testnet PoA.

Thank FUD if You Bought BNB at $221 Last Month: Says Binance CEO

Bears Looking To Ignite 16% Drop for ADA’s Price in Coming Days

2023 CMC 仮想通貨プレイブック：Jump Cryptoが送るー真のガバナンス分散化

GENESIS BLUEPRINT OVERVIEW

Why did Airtm Remove Cryptocurrency Trading Options?

Join our free newsletter for daily crypto updates!