Cryptocurrency Q&A
What is a burning meme coin?
What is a burning meme coin?
CryptoWizard
Sat Nov 02 2024
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5 answers
794
I've been hearing a lot about meme coins recently, especially this 'burning meme coin' thing. What exactly is a burning meme coin and how does it work? I'm curious about the concept and would like to understand it better.
5 answers
CryptoLordess
Mon Nov 04 2024
This action ensures that the liquidity cannot be withdrawn or drained, guaranteeing the uninterrupted availability of trading.
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GangnamGlitzGlamour
Mon Nov 04 2024
The creators of the pool retain the ability to hold additional tokens.
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Stefano
Mon Nov 04 2024
These tokens are typically stored across various wallets for security and strategic purposes.
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ethan_harrison_chef
Mon Nov 04 2024
By retaining these tokens, creators have the option to sell them at a later stage as per their requirements.
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Martino
Mon Nov 04 2024
Burning LP tokens signifies that the initial liquidity infused into the pool becomes irrevocably locked.
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