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Ravencoin Ravencoin
Krisz-G F

Can someone explain me why is the burning mechanism importent

behind Ravencoin?

#cryptocurrency #english #raven
0

11 ответов

28 просмотров
Jean-Valjean

The more is burnt, the less there is in supply. The less there is in supply, the higher the price is. I don't know how much rvn burns though, transaction fees are virtually non existent on this network. Pretty much 1 rvn every time

0
13.10.2021
Krisz-G F Автор вопроса
Jean Valjean
The more is burnt, the less there is in supply. Th...

Thank you for your answer. What else? Was there some other idea when it was designed? Other coins do not have this mechanism? Guess it is not there in the bitcoin network.

0
13.10.2021
Ivan-Jolicic

All RVNs used for creating Assets, sub-Assets and unique assets (NFT's) are sent to non-existing address and those RVNs are lost forever - Burned. After couple of years we'll be witnessing one of the most deflationary projects ever.

0
13.10.2021
Top-Cat
Ivan Jolicic
All RVNs used for creating Assets, sub-Assets and ...

Actually the burn addresses exist. Just a FYI

0
14.10.2021
Jean-Valjean
Ivan Jolicic
All RVNs used for creating Assets, sub-Assets and ...

So if you create an asset, similar to an eth token, you can't convert it back into rvn?

0
14.10.2021
Ivan-Jolicic
Jean Valjean
So if you create an asset, similar to an eth token...

Same like ETH based ''Uniswap'' and similar, you have ''raventrader'' and can do pretty much same like with ETH ERC-20 tokens.

0
14.10.2021
Jean-Valjean
Ivan Jolicic
Same like ETH based ''Uniswap'' and similar, you h...

So if Top created an asset, I could buy 1000 top tokens for 100rvn and Sell them for 100000 rvn when lots of other people had brought up the surplus?

0
14.10.2021
Ivan-Jolicic
Jean Valjean
So if Top created an asset, I could buy 1000 top ...

Stupid bot added to Ravencoin telegram group not allows me send links. Check on google ''raventrader dot net''.

0
14.10.2021
𝘼𝙗𝙙𝙤-🧢
Jean Valjean
So if Top created an asset, I could buy 1000 top ...

dude , tokens are something that represent a project or a service etc .. , to trade them , you use raven trader , that's it

0
14.10.2021

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