Cryptocurrency Q&A
Is Cardano burning tokens?
Is Cardano burning tokens?
Isabella
Thu Nov 28 2024
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6 answers
1330
I'm wondering if Cardano is burning tokens as part of its operations or strategy. I'd like to know if this process is happening and what it might mean for the platform and its users.
6 answers
DondaejiDelightfulCharmingSmileJoy
Sat Nov 30 2024
This strategy is employed to manage the supply and demand dynamics of their tokens.
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alexander_clark_designer
Sat Nov 30 2024
Some projects in the crypto space adopt the practice of burning collected fees.
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SunlitMystery
Fri Nov 29 2024
On Cardano, fees serve as a crucial source of income for the treasury.
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Stefano
Fri Nov 29 2024
In contrast, Cardano operates without the issue of inflation.
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SakuraBlooming
Fri Nov 29 2024
As a result, there is no requirement for Cardano to burn its coins.
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