Does movr have a burn mechanism?

Question

Moonbeam & Moonriver Official

G. D.

Does movr have a burn mechanism?

#blockchain #cryptocurrency #english #moonbeam

0

13.11.2023

13 ответов

112 просмотров

G. D. Автор вопроса

Gilang (I will never DM you)
Yes, 80% of the fees spent are burned, which shoul...

Oh that sounds really good, where can i follow the burns? Is there a Website where we can See and follow the burns ?

0

13.11.2023

Gilang (I will never DM you)

G. D.
Oh that sounds really good, where can i follow the...

Currently nowhere. We used to monitor this information on dtmb.xyz previously, but the dtmb page has undergone some updates. They should add the feature back. I'll update you as soon as it's live.

0

13.11.2023

G. D. Автор вопроса

Gilang (I will never DM you)
Currently nowhere. We used to monitor this informa...

Okay thank you, but the burn is still Running Right ? Are CoinMarketCap or coingecko updating the current supply ?

0

13.11.2023

Gilang (I will never DM you)

G. D.
Okay thank you, but the burn is still Running Righ...

Both questions are right.

0

13.11.2023

G. D. Автор вопроса

Gilang (I will never DM you)
Both questions are right.

Okay thank you ✌️

0

13.11.2023

Gilang (I will never DM you)

G. D.
Okay thank you ✌️

You're welcome 😊

0

13.11.2023

G. D. Автор вопроса

Gilang (I will never DM you)
You're welcome 😊

Bro you said that Moonriver is Burning but the supply is increasing on coingecko and coinmarketcap

0

13.11.2023

turrizt |NEVER DM YOU FIRST

G. D.
Bro you said that Moonriver is Burning but the sup...

hey, yeah, 80% of the spent is burned. however, since the tx cost is low and there's not much current activity, the rate of burning isn't high

0

13.11.2023

G. D. Автор вопроса

turrizt |NEVER DM YOU FIRST
hey, yeah, 80% of the spent is burned. however, si...

Okay but why is it minting, for what ? 😁 i dont Unterstand the concept 😟

0

13.11.2023

turrizt |NEVER DM YOU FIRST

G. D.
Okay but why is it minting, for what ? 😁 i dont Un...

inflation is necessary to support collators, provide rewards for delegators, and contribute to the parachain's bond reserve, these funds vital for the network's long term smooth operation

0

13.11.2023

G. D. Автор вопроса

turrizt |NEVER DM YOU FIRST
inflation is necessary to support collators, provi...

Unterstand, but it cant Go above the Max supply Right ? :)

0

13.11.2023

turrizt |NEVER DM YOU FIRST

G. D.
Unterstand, but it cant Go above the Max supply Ri...

there is no max. supply in Moonriver, because the protocol targets a 5% annual inflation rate and, as such, has an uncapped token supply

0

13.11.2023