Cryptocurrency Q&A
How many egc coins have been burned?
How many egc coins have been burned?
lucas_lewis_inventor
Sun Aug 25 2024
|
6 answers
1611
I'm curious to know, can you please provide an update on the total number of EGC coins that have been burned so far? I'm interested in understanding the impact this has had on the overall supply of EGC tokens and how it might affect the future value of the coin. Is there a specific strategy behind the burning of EGC coins, and can you elaborate on how it aligns with the project's goals and objectives? Additionally, are there any plans to continue burning EGC coins in the future, and if so, what's the expected timeline for this process?
6 answers
Davide
Tue Aug 27 2024
Since its inception, a remarkable feat has been achieved in the realm of EGC, with over 30 trillion tokens being burned. This significant milestone underscores the commitment of the project to maintain a healthy and sustainable token economy.
Was this helpful?
278
38
MysticRainbow
Tue Aug 27 2024
The permanent obliteration of 53% of the total $EGC supply signifies a major step towards reducing the overall circulating supply and potentially increasing the scarcity value of the remaining tokens.
Was this helpful?
335
95
SamuraiCourage
Mon Aug 26 2024
The decision to burn EGC tokens is a strategic move aimed at maintaining a balanced ecosystem and encouraging holders to participate in the platform's growth.
Was this helpful?
175
82
Arianna
Mon Aug 26 2024
With a reduced supply, the remaining EGC tokens may experience increased demand, potentially leading to appreciation in their value over time.
Was this helpful?
345
51
SsamziegangStroll
Mon Aug 26 2024
Furthermore, the ongoing burn process demonstrates the project's commitment to transparency and accountability, fostering trust among investors and users.
Was this helpful?
166
71
Load 5 more related questions
