Funfair (FUN) is burning 6 billion coins tomorrow - page 2.

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: hacktek on October 17, 2017, 01:31:29 AM

FUN is burning tokens tomorrow, October 18th. They will be burning 6 Billion coins from the total supply. At current price that's an easy 3x minimum but I see 5 or 6x possible. Get in while you can. Bittrex has the highest volume. Don't say I didn't warn you.

And so? what's next from the funfair? The price just get another flash increase and this time another dip to the fun fair has come? But i don't think so if that could be possible in the future.
A short hype.

xiaoyum

full member

Activity: 266

Merit: 100

Blockchain with solar energy

Burning coins is nice way to get depth to your coin and healthy markets.
But it shouldn't be popular man. I makes me think "why did they ever release this much coin if they were gonna burn?"

hacktek

newbie

Activity: 60

Merit: 0

Here's the dev update:

https://funfair.io/funfair-company-update-16th-october-2017/

"We’re allocating 55%, the majority of the 11.173B tokens, to be burned. This equates to 6.173B tokens that will all be burned on October 18th (now we are clear of the Metropolis’ Byzantium hard fork) at 3pm GMT (4pm British Summer Time).

Burning tokens has the effect of taking them out of issuance. They will never become circulating tokens and so every other token holder benefits proportionally due to additional scarcity."

aliman00

member

Activity: 169

Merit: 10

you got any source to this info ?

hacktek

newbie

Activity: 60

Merit: 0

FUN is burning tokens tomorrow, October 18th. They will be burning 6 Billion coins from the total supply. At current price that's an easy 3x minimum but I see 5 or 6x possible. Get in while you can. Bittrex has the highest volume. Don't say I didn't warn you.

Topic: Funfair (FUN) is burning 6 billion coins tomorrow - page 2. (Read 1765 times)