90'000 LEN tokens burnt!

avatar

▶️ Watch on 3Speak

This week in the Liotes News:

  • 90'000 LEN tokens have been burnt!


Liotes Divider Blue.png

Please consider voting for the Liotes HIVE Witness

Liotes

A project run by @ph1102 and @achim03

Resources

▶️ 3Speak

tribes alive bbh cent pimp proofofbrain slothbuzz
0
0
0.000
24 comments
avatar

Even though I know it is most likely good to be burning tokens, I still feel a bit of uneasiness at "money" being literally burnt away. :)

0
0
0.000
Reply
avatar

A lot of people have difficulties to grasp the usefulness of burning tokens. A token should be looked at like a product. If a product is inundating the market, the price will go down. It's the same with tokens. The more tokens out there, the lower the price will go. That's the big problem of most tokens. With liotes we counter this by burning a part of the supply and try to keep the supply in accord with the demand of the token. It only means that all the remaining tokens will take on value when we burn LEN.

0
0
0.000
Reply
avatar

My LEN tokens (of which I have only a small amount) just got more valuable! 🤑

0
0
0.000
Reply
avatar

By burning LEN, we give value to all the remaining LEN tokens in circulation and we also increase the APR for staking LENM. This should encourage people to buy more LENM, which means more money in the liotes.fund, more in liotes.voter and better curation ;-)

0
0
0.000
Reply
avatar

Thanks for the update! LEN is doing well!

0
0
0.000
Reply
avatar

LEN is doing very well for quite some time now :-)

0
0
0.000
Reply
avatar

Wow, that is a huge amount. Good work there!

0
0
0.000
Reply
avatar

I believe it is good for the tokens to have such a burn rate.

0
0
0.000
Reply
avatar

Couldn’t agree more other wise inflation will kill it

0
0
0.000
Reply
avatar

Thanks for the update. I'm just converting 50% of LENs to LENM other 50% goes to the SH community. That's my procedure :)

0
0
0.000
Reply
avatar

Thank you for spreading the word about Liotes and distributing tokens to others!!!
We appreciate it!!!

0
0
0.000
Reply
avatar

For LEN tokens off the market! !BBH !WINE

0
0
0.000
Reply
avatar

Less tokens and more value for the remaining ones :-)

0
0
0.000
Reply
avatar

Whoa, that much LEN burnt already! Means our LEN holdings even small are becoming more valuable😉

0
0
0.000
Reply
avatar

This is pretty good news. LEN is getting better over time with all these burns.

0
0
0.000
Reply
avatar

The burns help to keep the supply of the token in an acceptable balance and avoid that inflation devaluates it

0
0
0.000
Reply