Fantom Users Leaving The Chain for Uniglo.io Burn Event – Could the Gold-Backed GLO Token Rank In Top 100 Before Tamadoge? – Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator

Fantom Users Leaving The Chain for Uniglo.io Burn Event – Could the Gold-Backed GLO Token Rank In Top 100 Before Tamadoge?

The post Fantom Users Leaving The Chain for Uniglo.io Burn Event – Could the Gold-Backed GLO Token Rank In Top 100 Before Tamadoge? appeared first on Coinpedia Fintech News One […]

The post Fantom Users Leaving The Chain for Uniglo.io Burn Event – Could the Gold-Backed GLO Token Rank In Top 100 Before Tamadoge? appeared first on Coinpedia Fintech News
One basic element of tokenomics that cryptocurrency investors need to understand is how the burning of tokens affects the price – burning is good, as it diminishes the supply. Large-scale burning is even better, as it dramatically slashes the quantity of available tokens, and therefore, scarcity pushes up the price. With this in mind, the …