The Robiniaswap burn effect: 9600 RBS token was burnt
We all knows that when it comes to cryptocurreny the major thing that people wants to see is positive price movement. When you are holding a coin and it keeps dipping or dropping in price you will see those who have trust in the system loosing hope/faith. When such happens you will see such coin witnessing massive dump because everybody are now tired of holding. This is where communication is vital between project owner and the communities.
Before today, project owners have been trying all necessary measures in other to ensure that their token meet up to a point that investors can rush it by investing in it. Most of those strategies deployed is ensuring that they remove circulation from the coin by undergoing burning. This system wasn't practiced before but as time goes by the need to burn coin came into being. When coins are burnt there is every tendency that they will be surge in price and when such is being announced you will see the communities celebrating because they knows it will surely impact the price of such coin to some extent.
Coin burning can be defined as the process by which project owners, miners or developers can remove coins from circulation. While doing this they will end up slowing down inflation rates or reducing the total circulating supply of that coin. Coin burning can only be done in a way in which the developers of the coin can send the token/coin to a wallet which has no access key. This simply means that they don't have access to such account. We all knows that without the private key, these tokens cannot be accessed by anyone and that implies that coin found in such category if being sent to such wallet are lost forever. Since there is no access to such account you will see that it will help to control the inflation rate.
Just like what I mentioned above, if a coin is being burnt you will see that such project will notice some positive price impact. One thing that we should note is that it might not be instant but gradually since this process is being carried out the coins will gain positive impact over time. I have seen a project which their coin was burnt and the impact was felt after about 4 months.
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Before today Robiniaswap management have announced that they will be burning some RBS today. They never failed with their promises as they make sure that they burn 9600 RBS today. Truth be told the RBS burnt is small, I was expecting something big but that is not my major concern, I just want to see the project witnessing amazing turn around. Some person's were thinking it will impact the price instantly. Well, it doesn't work like that most of the time. Since the RBS burnt is small the price might not be affected instantly, with time base on their strategies of continuous burning, the price of RBS will take surely take a new twist.
For those who wants to look at the burn, this is the link to do so.
If you believe in this project you have to be patient enough and also knows that the team have something amazing in place for us. On my next post I will be talking about that but for the now they said by next week we should be expecting more burn, this is interesting I must say. This burn will remove more RBS from the circulating supply and it will scale the coin more better. Just like what I hinted above, it is going to be slow and steady and truly we shall get it achieved. On thing we should maintain is to reduce the selling pressure on RBS and we will see positive price impact. Remember your RBS will soon be earning you different coin, if you sell them cheaply what will you use to mine the other coin when that time comes in place?
The project owners when being interviewed by me states that they will be conducting more burns as we progresses and also there is more goodies that they are planning to unleash and from what they state, we should brace our self for the best treat. They have good plan in place for us.
Please stay tune as I get you updated on what the team are planning to do in other to take the project to an apex height. I will share what we should be expecting on my next post, stay tune.
Tfame3865
signed out
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For more information about Robiniaswap you can make do with the information below.
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Greetings @tfame3865 valuable information that allows us to understand the process behind the burning of cryptocurrencies on a given project and what is the influence of this accionas on the price of the asset. Valuable delivery greetings
Greetings @tfame3865, I didn't really understand the cryptocurrency burning but with this information it is much clearer to me what is the main purpose of this action.
I will be watching for your next updates about the robinia project, I have a bsteem amount staked, and the Rbs earned I am staking them as well, so for now I have no intention to sell the Rbs.
Greetings and thanks for your publication.
Hello @tfame3865, I have been very aware of every news about the Robinia project, this that you inform us today about the burning of 9600 tokens is encouraged although we see the results within a time, I am confident that this project will be a success.
In my opinion, the impact of this burn will be beneficial to the RBS token. This is because there will be fewer coins in circulating and thereby creating high demand for it, which will make the price of RBS to increase.
Nice piece buddy
Greetings friend. Thanks for bringing us this important information about the Robinia project, project that we have been following very closely, and thanks for explaining the process of burning tokens, the truth is that I always heard the term and I know the effects it has on the price but I had not read about the process.
Greetings dear friend @tfame3865, thank you for the important information you show us about the robinia project, I find very interesting the burning of RBS, as you mention it can be beneficial for us in the medium or long term. I will continue full of patience because I believe in the project.
See you later, have a great weekend.
Greetings @ tfame3865
Thank you very much for sharing this very relevant information to be able to know about the important moves made by the RobiniaSwap team to increase the value of the RBS token, as it is fundamental as invaders to know about these advances made that will certainly help the price.
Thank you very much for sharing
It is interesting that RBS being such a new project has already decided to burn some of its chips, in this case, as you rightly mention this serves to curb inflation however it also generates some expectation and chaos in investors. Particularly I think that when you start burning crypto in some project is because it is beginning to have liquidity problems, I do not say that in the case of RBS is so on the contrary I have read in another post that have generated a good liquidity strategy in your pool. However, it does cause me some doubt about the token burning. Thanks for sharing I will continue to research about it.
Hello buddy!
Thanks for keeping us with what's happening and news about RobiniaSwap since a great number of people here from Project Hope have invested in it I guess. I heard about that they are going to burn a great amount, but didn't know how much and when or how its effect will be. So that's great info here.
Thanks again for sharing!