Transburn Announcement (Deflationary Token) - page 9.

Olorijayz

jr. member

Activity: 82

Merit: 1

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

The 1% burn for each transaction, does this also applies to transactions from contract address to exchange or wallet to exchange so it does not result in double burn on the part of the token holders? I will need a clarification in this regards.

Serahtolu

newbie

Activity: 24

Merit: 0

Quote from: Pricebrianer on July 22, 2019, 04:14:56 AM

Quote from: Serahtolu on July 22, 2019, 02:33:52 AM

Quote from: Anilbg on July 22, 2019, 12:35:48 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction? So this 1% tokens from that transaction I hope? BTW whre are these tokens listed?

It's listed on DDEX and vindax

I know about DDEX exchange. It’s a good exchange and has a good liquidity for all it’s listed tokens. Where is Transburn project from? What’s the project about? Do they have a use case for these tokens?

Transburn is a deflationary token with real use case. It's a fuel for dapp games and other utilities connected with dapps.
Transburn has use cases.
Major use case are the dapps which I believe are being developed.

One of the use cases is already effective . There is a market where you can trade TRB tokens for physical goods.
You can check
@trbmarket (telegram)

Getadaaa

jr. member

Activity: 448

Merit: 3

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6

Pricebrianer

jr. member

Activity: 364

Merit: 3

Quote from: Serahtolu on July 22, 2019, 02:33:52 AM

Quote from: Anilbg on July 22, 2019, 12:35:48 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction? So this 1% tokens from that transaction I hope? BTW whre are these tokens listed?

It's listed on DDEX and vindax

I know about DDEX exchange. It’s a good exchange and has a good liquidity for all it’s listed tokens. Where is Transburn project from? What’s the project about? Do they have a use case for these tokens?

Serahtolu

newbie

Activity: 24

Merit: 0

Quote from: Anilbg on July 22, 2019, 12:35:48 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction? So this 1% tokens from that transaction I hope? BTW whre are these tokens listed?

It's listed on DDEX and vindax

nwosuchristabe2

copper member

Activity: 686

Merit: 2

Quote from: charlop24 on July 22, 2019, 12:48:05 AM

Quote from: jumiapaul on July 22, 2019, 12:42:06 AM

Quote from: Mrcharles on July 22, 2019, 12:38:59 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.

I agree with you, I ones read an article on how the burning of tokens would affect the supply of the tokens and the value as time progress. And I must commend the developers for bringing this initiative to limelight. There are several cryptocurrencies in the industry and distinguishing transburn from others is a great accomplishment.

We only have to understand the significance of demand and supply to appreciate the strategy of transburn. I was amazed reading through the details of the project and it dawned on me that a new era has come in the cryptocurrency space.

charlop24

copper member

Activity: 560

Merit: 2

Quote from: jumiapaul on July 22, 2019, 12:42:06 AM

Quote from: Mrcharles on July 22, 2019, 12:38:59 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.

I agree with you, I ones read an article on how the burning of tokens would affect the supply of the tokens and the value as time progress. And I must commend the developers for bringing this initiative to limelight. There are several cryptocurrencies in the industry and distinguishing transburn from others is a great accomplishment.

jumiapaul

copper member

Activity: 336

Merit: 3

Quote from: Mrcharles on July 22, 2019, 12:38:59 AM

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.

Mrcharles

copper member

Activity: 336

Merit: 5

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

Anilbg

jr. member

Activity: 406

Merit: 2

Quote from: ning_aric on July 21, 2019, 10:54:23 PM

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction? So this 1% tokens from that transaction I hope? BTW whre are these tokens listed?

ning_aric

full member

Activity: 826

Merit: 102

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

TRANSBURN Deflationary Token

TransBurn is an open-source and community-driven social experiment with usecase.

Why TransBurn?

Transburn token is specifically made for dapp game transaction with a coded deflationary 1% per transaction, which means every onchain transaction 1% will be automatically destroyed. This method and application create scarcity for the transburn token to make it surge high base on the law of demand and supply.

The demand for transburn token will be relatively increase day by day because this is real usecase token that's back up by decrease in total supply upon any transaction made on chain. The more the awareness and interest of blockchain users get involves in usage of transburn the more the velocity of transburn ascending. Transburn is created by blockchain enthusiasts who believe in creating new ideas for the improvement and betterment of block chain industry whereas give the Crypto community to take care of the transburn by promotion and application of marketing strategy. Therefore transburn is largely own by its users and community who believe in new ideas and innovations.

NB: Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards. Tokens are not intended to constitute securities in any jurisdiction.

WEBSITE|TWITTER| TELEGRAM

Note: I am not a part of the Transburn team and am not a point of contact for this project. For any questions related to the project, kindly contact the team members via TransBurn

Topic: Transburn Announcement (Deflationary Token) - page 9. (Read 1266 times)