Recently, there have been frequent reports of "token burning" in the crypto assets market, but what is the actual effect of these so-called burning actions? Taking DOGE as an example, its burning actions actually just consume inventory and do not truly lead to deflation. This practice has instead been used by some project parties as a means to attract new users, such as giving away tokens or engaging in charitable activities.



What is more concerning is that the token distribution of certain Crypto Assets is extremely centralized. It is reported that some project party founders personally hold more than 60% of the total circulating Token supply. This highly centralized Token distribution model has raised questions in the market about fairness and the essence of decentralization.

In contrast, some exchanges adopt the practice of directly purchasing tokens from the market for token burning, which may have a greater impact on the actual supply of the tokens. However, regardless of the method of token burning used, investors should carefully assess its actual impact on the value of the tokens and the development of the project.

In the crypto assets ecosystem, true value should come from technological innovation and real-world applications, rather than short-term marketing tactics. Investors participating in related projects need to have a comprehensive understanding of the token economic model, team background, and long-term development plans, and should not be misled by superficial numerical games.
DOGE3.04%
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SatoshiLegendvip
· 7h ago
In the face of source code, all code is but paper ash.
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MEVHuntervip
· 7h ago
The priority of this mempool data is clearly off.
View OriginalReply0
ProbablyNothingvip
· 7h ago
What the hell is Decentralization
View OriginalReply0
Web3ExplorerLinvip
· 7h ago
hmm... token burns are just smoke n mirrors tbh
Reply0
NotFinancialAdvicevip
· 7h ago
Another Be Played for Suckers trap
View OriginalReply0
ConsensusBotvip
· 7h ago
This marketing tactic is so low-key.
View OriginalReply0
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