Cryptocurrency Q&A
What is PulseX buy and burn?
What is PulseX buy and burn?
SsamziegangStroll
Mon Sep 23 2024
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7 answers
1620
Excuse me, could you please clarify what exactly is PulseX buy and burn? I understand it's related to cryptocurrency and finance, but I'm a bit confused about the mechanics behind it. Could you explain the concept in simple terms and how it works within the cryptocurrency ecosystem? I'm particularly interested in understanding how it benefits investors and the overall market dynamics. Thank you.
7 answers
Daniela
Wed Sep 25 2024
It operates as a "fee scrape," capturing a portion of trading fees generated on the platform.
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SolitudeSeeker
Wed Sep 25 2024
Specifically, 21% of all trading fees are allocated to this mechanism.
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ZenFlow
Wed Sep 25 2024
These funds are then directed to the PulseChan burn address, effectively removing them from circulation.
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BlockchainBrawler
Wed Sep 25 2024
The PulseX Buy and Burn is a unique mechanism designed to impact the PLSX token economy.
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charlotte_wilson_coder
Wed Sep 25 2024
The primary objective of the PulseX Buy and Burn is to decrease the total supply of PLSX tokens over time.
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