@GrabSG , Southeast Asia's super app, has joined Web3.
21 Sep 2023, 10:16
🛵 @GrabSG , Southeast Asia's super app, has joined Web3!
🌐 Last week, the Uber-like platform joined with @Circle to integrate stablecoins to the app's 180million users. Built on @0xPolygonLabs , users can pay using @StraitsX 's XSGD and collect NFT vouchers to use IRL!
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21 Sep 2023, 10:30
🔤🔡🔡🔡🔡
🔥 DeFi 101: Burning Tokens - Unlocking Value and Building Trust
📈 Your comprehensive guide to understanding the world of decentralized finance through token burning, scarcity, and trust-building.
🔥 Token Burning Essentials
- Token burning is the deliberate and permanent removal of cryptocurrency tokens from circulation.
- It involves sending tokens to an inaccessible address, erasing them from the market.
💡 Why Projects Burn Tokens
✔️Scarcity Creation: Reducing token supply can increase scarcity, potentially raising token value.
✔️ Aligned Incentives: Token burning aligns project and holder incentives, building trust and community.
✔️ Regulatory Compliance: It can help projects navigate complex regulations and reduce risks.
✔️ Rewarding Holders: Token burns often reward loyal holders through mechanisms like airdrops.
✔️ Enhanced Utility: Fewer tokens can make them more practical for various use cases.
🟢Dive in now for valuable insights:
🎢 Visit LFW.FI DEX:
___________
For more news and updates, stay connected with us on our official channels:
Website | Twitter | Medium | Telegram Announcement | Telegram Community | GALXE | QuestN | Zealy | ByBit | Gate.io
DeFi 101: Burning Tokens - Unlocking Value and Building Trust.
🔤🔡🔡🔡🔡
🔥 DeFi 101: Burning Tokens - Unlocking Value and Building Trust
📈 Your comprehensive guide to understanding the world of decentralized finance through token burning, scarcity, and trust-building.
🔥 Token Burning Essentials
- Token burning is the deliberate and permanent removal of cryptocurrency tokens from circulation.
- It involves sending tokens to an inaccessible address, erasing them from the market.
💡 Why Projects Burn Tokens
✔️Scarcity Creation: Reducing token supply can increase scarcity, potentially raising token value.
✔️ Aligned Incentives: Token burning aligns project and holder incentives, building trust and community.
✔️ Regulatory Compliance: It can help projects navigate complex regulations and reduce risks.
✔️ Rewarding Holders: Token burns often reward loyal holders through mechanisms like airdrops.
✔️ Enhanced Utility: Fewer tokens can make them more practical for various use cases.
🟢Dive in now for valuable insights: https://t.co/VUHF4eTqm1
🎢 Visit LFW.FI DEX: https://lfw.fi/trade
___________
For more news and updates, stay connected with us on our official channels:
Website | Twitter | Medium | Telegram Announcement | Telegram Community | GALXE | QuestN | Zealy | ByBit | Gate.io
21 Sep 2023, 10:30
🔤🔡🔡🔡🔡
🔥 DeFi 101: Burning Tokens - Unlocking Value and Building Trust
📈 Your comprehensive guide to understanding the world of decentralized finance through token burning, scarcity, and trust-building.
🔥 Token Burning Essentials
- Token burning is the deliberate and permanent removal of cryptocurrency tokens from circulation.
- It involves sending tokens to an inaccessible address, erasing them from the market.
💡 Why Projects Burn Tokens
✔️Scarcity Creation: Reducing token supply can increase scarcity, potentially raising token value.
✔️ Aligned Incentives: Token burning aligns project and holder incentives, building trust and community.
✔️ Regulatory Compliance: It can help projects navigate complex regulations and reduce risks.
✔️ Rewarding Holders: Token burns often reward loyal holders through mechanisms like airdrops.
✔️ Enhanced Utility: Fewer tokens can make them more practical for various use cases.
🟢Dive in now for valuable insights:
🎢 Visit LFW.FI DEX:
___________
For more news and updates, stay connected with us on our official channels:
Website | Twitter | Medium | Telegram Announcement | Telegram Community | GALXE | QuestN | Zealy | ByBit | Gate.io
DeFi 101: Burning Tokens - Unlocking Value and Building Trust.
🔤🔡🔡🔡🔡
🔥 DeFi 101: Burning Tokens - Unlocking Value and Building Trust
📈 Your comprehensive guide to understanding the world of decentralized finance through token burning, scarcity, and trust-building.
🔥 Token Burning Essentials
- Token burning is the deliberate and permanent removal of cryptocurrency tokens from circulation.
- It involves sending tokens to an inaccessible address, erasing them from the market.
💡 Why Projects Burn Tokens
✔️Scarcity Creation: Reducing token supply can increase scarcity, potentially raising token value.
✔️ Aligned Incentives: Token burning aligns project and holder incentives, building trust and community.
✔️ Regulatory Compliance: It can help projects navigate complex regulations and reduce risks.
✔️ Rewarding Holders: Token burns often reward loyal holders through mechanisms like airdrops.
✔️ Enhanced Utility: Fewer tokens can make them more practical for various use cases.
🟢Dive in now for valuable insights: https://t.co/VUHF4eTqm1
🎢 Visit LFW.FI DEX: https://lfw.fi/trade
___________
For more news and updates, stay connected with us on our official channels:
Website | Twitter | Medium | Telegram Announcement | Telegram Community | GALXE | QuestN | Zealy | ByBit | Gate.io