RE: 🔥 Lets Burn Some SPT Tokens Week Two

avatar

You are viewing a single comment's thread:

I'm new, so just so I understand. Burning SPT making it more valuable?


Posted via proofofbrain.io



0
0
0.000
5 comments
avatar

For SPT and other HIVE related cryptocurrency burning it would mean sending it to the HIVE account @null. No-one has the keys/passwords for the @null account so anything sent to @null can't be recovered.

Burning reduces the amount of the token in circulation. A general rule is the less of something there is, the more valuable it can become. Burning alone won't give a token value as tokens/coins usually need a use case if they are to sustain any USD value.

0
0
0.000