Goodday fans, will hex burn some of the tokens?

Question

HEX.COM

Nedozi Walter

Goodday fans, will hex burn some of the tokens?

#cryptocurrency #english #hex-crypto

0

22.09.2023

7 ответов

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Nedozi Walter Автор вопроса

AlhamBoeLULlish // HEX.COM // 22.6% APY //
Every time a stake starts, tokens are burnt

Why I asked is because the max supply of hex looks more like a meme token and it might take long for the price to pump. The smaller the max supply the better because it will call for scarcity of it.

0

22.09.2023

Tobi S

Nedozi Walter
Why I asked is because the max supply of hex looks...

aside from the fact that there is no definition of what makes a token a memecoin, the supply of a token certainly is not an indicator of whether or not its a meme token so... In general, supply alone says nothing about the coin, or how "long it takes to pump". You have to put it into relation with how much of it circulates, distribution, how much demand there is for it, etc.

0

22.09.2023

Tobi S

Nedozi Walter
Why I asked is because the max supply of hex looks...

Basically, you can add however many zeros to a token's supply. By itself, that says nothing about that coin. It's just an absolute number. If $1 was $100 dollar but everyone had 100x more of it, it changes nothing except people not liking to read large numbers vs smaller ones

0

22.09.2023

Nenad [I won't dm you]

Nedozi Walter
Why I asked is because the max supply of hex looks...

What does the unit size of a coin have to do with scarcity?

0

22.09.2023

Nedozi Walter Автор вопроса

Nenad [I won't dm you]
What does the unit size of a coin have to do with ...

U should know the law of demand and supply.

0

22.09.2023