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Burning simply refers to the permanent destruction of some quantity of Eda Coin (abbreviated EDA) so that the overall coin supply is reduced. Reason for Burning:The reason for burning some amount of $EDA is to ensure scarcity of $EDA and hence drive up the market price. Since the Market Price of a coin is inversely proportional to its Circu...
Read MoreTen percent (10%) of the total $EDA has been set aside for progressive burning within the next 60 months (5 years). This will mean a progressive decrease of $EDA circulating supply, thereby aiding upward price movement.
Twenty billion (20 000 000 000) EDA BURNT permanently!At the deployment of $EDA on the BNB Smart Chain, 20% $EDA (that is, 20 billion EDA coins) were permanently burnt. This has reduced the Total Supply of EDA to 80 billion. Total Supply: Maximum Supply – Burnt Amount = (100 – 20) billion = 80 billion EDA You can see the 20% burnt $EDA on th...
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