Cryptocurrency Q&A
Does Cosmos burn tokens?
Does Cosmos burn tokens?
EthereumEagle
Thu Nov 28 2024
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5 answers
828
I'm curious about the Cosmos network and its tokenomics. Specifically, I want to know if Cosmos burns tokens as part of its economic model. Burning tokens is a common practice in some crypto projects, but I'm not sure if it applies to Cosmos.
5 answers
Carolina
Fri Nov 29 2024
ATOM tokens can be burned through transaction fees.
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Daniele
Fri Nov 29 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
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Dario
Fri Nov 29 2024
On the Cosmos network, a specific portion of the transaction fees collected is designated for burning.
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CryptoVisionary
Fri Nov 29 2024
This practice serves as a regulatory mechanism to control the circulating supply of ATOM tokens.
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Gianluca
Fri Nov 29 2024
By burning a percentage of transaction fees, the network aims to maintain a balanced and sustainable token economy.
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