KimchiChic
Wed May 22 2024
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7 answers
1402
Does FTM burn coins?
Does FTM burn coins? This is a question that has been circulating in the crypto community for quite some time. FTM, or Fantom, is a highly regarded blockchain platform that offers scalability and efficiency to decentralized applications. However, the question remains: does FTM implement a coin burning mechanism? Coin burning, in the crypto world, refers to the permanent removal of a certain number of coins from circulation, often as a means of controlling supply and potentially increasing the value of the remaining coins. Given FTM's focus on scalability and efficiency, it's worth exploring whether this practice is part of its operational model. So, does FTM burn coins? Let's delve into this matter and find out.
Raffaele
Wed May 22 2024
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6 answers
1276
Does arbitrum burn coins?
Does Arbitrum actually burn coins? I've heard rumors in the crypto community about this, but I'm not entirely sure what it means. Is it a mechanism designed to reduce the total supply of Arbitrum's native tokens? Or is it just a misconception? If Arbitrum does indeed burn coins, what are the benefits of such a system? And how does it affect the overall value and liquidity of the token? I'm interested in understanding the technicalities behind this concept and how it fits into the broader cryptocurrency ecosystem.
