❶ Hello, is the current TRX currency a scam?
TRON TRX is a scam! How many people’s hard-earned money has been robbed of us! Please relevant departments strictly investigate and punish them and ban them! Avoid more people being deceived! Everyone, please retweet! Debunking the tricks of TRX and other coins to deceive people!
❷ How much shib coins are destroyed each year
The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been put into Uniswap and lost Private key, the remaining 50% will be transferred to Buterin address.
shib does not have a destruction mechanism, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will be less and less, and the project party also believes that shib has a chance to reach $0.1.
Shib (Shib)
Virtual currency, born in August 2020, with a circulation of 1,000 trillion.
As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the top cryptocurrency in the world.
❸ What is the platform currency destruction mechanism of the ftx exchange? How many times has it been destroyed?
The platform currency of the ftx exchange is FTT, and its destruction The mechanism is simply that: the exchange will spend a lot of money to repurchase and destroy FTT (after the destruction, it usually enters the black hole address, and it can’t be taken out anyway), until the FTT stock is only 50% of the previous amount; of course Up to now, FTT has carried out 44 repurchase and destruction, and the total amount of destruction has reached 17.87 million US dollars. At present, FTT has been listed on FTX, Binance, Huobi, BitMax, Bitfinex, CoinEx and many other exchanges.
❹ What is coin-day burn in Bitcoin
Bit-day burn is a term that refers to the sudden sale of BTC that has been kept in the wallet, resulting in Destroy coins day. Importantly, these BTC were not actually destroyed. Coin-day burn is just a measure of how many days a position is held before selling tokens.
As an example, let’s say an investor buys 1 BTC, keeps it in his wallet for 90 days, and then sees a huge price increase and decides to sell, which means 90 BTC days are destroyed.
If investors keep hoarding coins and only sell a small part of the previous coins, the number of coins destroyed will show a downward trend. Later in a bull market, people typically sell more and more of their holdings, which will lead to a rise in coin-day burns.
The beauty of this number is that it has less impact on short-term traders. Compared to the activities of long-term traders, since these traders do not hold BTC for a long time, they will have a minimal impact on the number of coin-day burns. However, when long-term holders start selling BTC, you want to keep an eye on this trend.
Based on these important indicators, BTC appears to be far from a top. The current price of BTC is over $40,000, but the 90-day moving average of the number of coin-day burns is close to its lowest level, and the number of coin-day burns has gradually declined. Compared with when the price of the coin rose, long-term coin holders are now more confident.
❺ What is the destruction mechanism of SHIB Shiba Inu coin? How much does it reduce every year?
The total amount of SHIB issued is 1000 trillion, of which 50% of the total supply has been Put it in Uniswap, and lost the private key, and the remaining 50% is transferred to the Buterin address.
On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world. May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund. On May 17, 2021, Ethereum founder Buterin Butterfly destroyed 45% of Shiba Inu coins.
Development history:
In August 2020, Shiba Inu Coin was born with a circulation of 1,000 trillion.
On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”
As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.
❻ What does shib coin do? Does the project have a destruction mechanism?
SHIB is an experiment in decentralized spontaneous community construction. There is no destruction mechanism for shib, but after the ecological construction is completed, every time a dog leash is exchanged, the shib used for exchange will be destroyed, so the amount of shib will become less and less, and the project party believes that shib has a chance to reach 0.1 US dollars. of.
Shib, a virtual currency, was born in August 2020 with a circulation of 1,000 trillion.
As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day. On May 10th, the Shiba Inu coin came into people’s field of vision. In just 2 days, it went from a cheap altcoin to the world’s No. 1 cryptocurrency.�.
Development history
In August 2020, Shiba Inu coin was born with a circulation of 1,000 trillion.
On May 7, 2021, Hiromichi Mizuno, Tesla’s independent director and former chief investment officer of Japan’s pension fund, said on social media: “Investors can trade Shiba Inu coins on a short-term basis, but don’t treat yourself like this. Shiba Inu pet dog.” Elon Musk immediately responded: “I’m looking for a Shiba Inu (coin)!”
As of May 9, 2021, the Shiba Inu coin has skyrocketed by nearly 1200% in one day.
On May 10, 2021, according to foreign media reports, the Shiba Inu coin, a virtual currency after Dogecoin, entered people’s field of vision. In just 2 days, the Shiba Inu coin has gone from a cheap altcoin to the top cryptocurrency in the world.
May 13, 2021 Buterin donated 50 trillion SHIB tokens (about 1.2 billion US dollars) to India’s new crown virus relief fund.
On May 17, 2021, Vitalik Buterin, the founder of Ethereum, destroyed 45% of the Shiba Inu coin.
❼ How about the ftx exchange? What is the platform currency destruction mechanism?
FTT is the platform currency of the ftx exchange, and its destruction mechanism is simple That is, the exchange will spend a lot of money to repurchase and destroy FTT. These destroyed platform coins will first enter the black hole address, and there is no way to take it out until the stock of FTT is only 50% of the previous one. Of course, so far, FTT has carried out 57 repurchase and destruction, and the total amount of destruction has reached 24.82 million US dollars. . I am glad that you can adopt my answer
❽ Whose ETH is destroyed by the ETH destruction mechanism
It is V God or uncirculated ones.
1. Eth can become more valuable due to two points.
1) You need to pay fees on the Ethereum network;
2) Scarcity due to disruption.
2. By the way, valuable eth is good: it provides overall security to the network, especially after moving to proof of interest. Resistance to economic abstraction means that eth has a demand floor that aligns with the value people get from using Ethereum.
3. The token on the Ethereum blockchain is called ether, and the code is eth. It can be traded in the foreign exchange market of many cryptocurrencies. It is also the medium used to pay Ethereum transaction fees and computational service fees.
4. The exchange rate of other physical currencies may change significantly in a short period of time. For example, when Dao was attacked, the exchange rate against the US dollar fell from $21.50 to $15.
5. Buterin sold a quarter of his ether holdings in April 2016, raising some suspicions. He himself said that this is a very reasonable financial management risk diversification, citing former Bitcoin developer Gavin Andresen as saying, “This is all just an experiment, and there is still the possibility of failure.”
Expansion information;
1. The ether system is currently the most widely used public chain system that supports complete application development. Compared to Bitcoin, Ethereum’s system, Ethereum, falls under the umbrella of Blockchain 2.0. It is a blockchain system redesigned to solve some of the problems of the Bitcoin network. The design of Bitcoin is only applicable to the scenario of encrypted digital currency, it does not have Turing completeness, and it lacks the concept of an account that saves real-time status.
2. In addition, there are efficiency problems and resource waste problems brought about by the POW mechanism. Bitcoin’s blockchain network suffers from insufficient scalability. As Bitcoin gains more attention from developers and technologists, some users try to use the Bitcoin network for other digital currencies or other applications. However, with the development of the Internet, the independent development of blockchain applications is very difficult. Users need to master a lot of software and hardware development capabilities and encryption algorithms, which makes blockchain applications not so easy for some users.
3. The emergence of Ethereum is to help users more easily use blockchain technology for application design. According to BARTLIN, Ethereum aims to create a more general blockchain platform that allows users to easily create blockchain-based applications and avoid having to build a blockchain in order to create new applications.
Hope to help you.
❾ Polydoge Coin Destruction Mechanism
Consultation Record · Answered on 2021-11-22
❿ Does apenft coin have a destruction mechanism?
APENFT Foundation officially announced that it has completed a $2.52 million NFT repurchase and destruction plan, involving 1,030,067,282,396.0035 NFTs.
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