Crypterium Moves to Burn Up to 30% Of the Total Supply of CRPT Token
Crypterium plans to burn 30% or over 30 million of CRPT total token supply in the next 24 months. This deflationary technique could impact the price of CRPT in the long run. Estonia-based Crypterim has announced its decision to speed up the burning rate of its platform token, CRPT. Despite the steady increase of CRPT’s […]
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There are many different ways to bring value to native cryptocurrencies today. Some projects focus on marketing, whereas others have a fixed supply or initiate token burns. Crypterium intends to burn 30% of the total CRPY supply, marking a significant milestone for the crypto bank. Token Burns Remain a Viable Option One of the most […]
Crypterium, a popular cryptocurrency based fintech startup has achieved a new milestone by officially entering into a partnership with VISA. As a part of this partnership, the KPMG-awarded company has announced the launch of a new payment card – Crypterium Card VISA Edition. With the addition of Crypterium Card VISA Edition to its portfolio, Crypterium […]
Crypterium, a leading provider of crypto-focused cards has now introduced a new virtual card in partnership with Apple Pay. This is huge news for the cryptocurrency-based payments industry and a significant leap forward in digital asset adoption. Also this one of the many reasons why Crypterium was named one of the 50 “rising stars” by KPMG. Crypterium Brings Its Users A Crypto Virtual Card For Added Speed, Safety, Accessibility, And Security Crypterium recently announced the […]
The Shiba Inu community has again ramped up its SHIB burning efforts, causing a massive burn rate spike. Despite SHIB’s tumbling price in the past seven days, Shiba Inu’s burn rate has recorded a nearly 48,000% increase. The SHIB community is determined to cut down the Shiba Inu circulating supply, a feat that many believe will positively impact the token’s price. SHIB Community Intensify Token Burn Efforts Following Slight Decline According to data from the Shiba Inu burn tracker, Shibburn, the SHIB burn rate has spiked 47,908% in the last 24 hours. The SHIB ecosystem swept 28.129....
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply.
Blockchain Projects Burn Tokens for Specific Benefits and Objectives
Burning tokens has been a popular trend and articles often highlight specific projects like Ethereum, Terra, Shiba Inu, and many more that have destroyed large sums of native tokens.
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