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Jayden-

What does the "after burning in" mean? Does that mean

the staking rewards will be burnt or my cake will be burnt?

#cake #cryptocurrency #de-fi #english
0

6 ответов

34 просмотра
Ceddi-|| Cake Midas

when a token is burned it means it is taken out of circulation by being sent to an address nobody has access to - Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. This is done by permanently removing some tokens from circulation

0
06.06.2022
Jayden- Автор вопроса
Ceddi || Cake Midas
when a token is burned it means it is taken out of...

Yeah no I understand but when the locking period ended it says "after burning in 7 days". Does that mean my rewards would go to the burn pool?

0
06.06.2022
Combot-
Jayden
Yeah no I understand but when the locking period e...

There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

0
06.06.2022
Jayden- Автор вопроса
Ceddi || Cake Midas
Yes.

Thanks

0
06.06.2022

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