🔥CRONA Token Burning
What Is Token Burning?
Token burning is the process of permanently removing coins from circulation, thereby reducing the total supply. Token burning is usually performed by the development team behind a particular cryptocurrency asset. It can be done in several ways, most commonly by sending the coins to a so-called “eater address” or “dead address”. Its current balance is publicly visible on the blockchain, but access to its contents is not available to anyone.
Why Is Token Burning Important?
There are several benefits of a coin burn and they are as follows:
Increase in the value of the token
This is probably the most well-known benefit of a coin burn. Coin burn reduces the overall circulation of the token, thereby the overall supply decreases. It might potentially result in the increase of the value of the token. The constant burning of the coin helps to keep a steady value.
A steady value of the token
Constant token burning helps to keep a steady value of the token and it also bets for a long-term price increase. Coin burn can potentially make the holder’s token more valuable than it was before the burn.
How Does Token Burning At CronaSwap Work?
The practice of burning may involve the project’s developers buying tokens back from the market or burning parts of the supply already available to them. Here, at CronaSwap, there are two deflationary mechanisms in place.
0.05% of the trading fees are used for buying the CRONA tokens back from the market and burning them.
CRONA Auto Compound performance fee is used for token burning.
20% from all the purchased lottery tickets are used for token burning.
CRONA Token Burning Schedule (Approximate)
Total burned: $37,733.675242 ( 161,087.739636168934967985CRONA tokens)
🔥 Trading fees --> 161,087.739636168934967985 CRONA tokens
All burned CRONA tokens 100% transparent and recorded as transactions on the CRONOS:
📍 Buyback CRONA tokens from trading fees
0x7df805c9b2da005faf7e191bae709670305382265e36ff7265d57f4ac9c0f3d2
📍 Sending CRONA tokens from trading fees to the "Burn Wallet"
0xb1ce40dddda1d1146a4f0322a16ac36676529e8a2d1b12311459c15c39acdaf8
📍 Sending CRONA tokens to the "Dead Address"
0xc7ee6dec302fe3b8ee595a1f969583a2adc78e7c553b88242edfaab2f3f21aa4
Total burned: $7,624.275716 ( 12,394.748CRONA tokens)
🔥 Trading fees --> 12,394.748 CRONA tokens
All burned CRONA tokens 100% transparent and recorded as transactions on the CRONOS:
📍 Buyback CRONA tokens from trading fees
0xdef3c5b88b3bc088a18deff200416334b537c6f5a55a5ca4480df1523b65a659
📍 Sending CRONA tokens from trading fees to the "Burn Wallet"
0x3d89cdfca8a5b591a7281604662582e9f33737faa8efb3daa8621cc331d17db6
📍 Sending CRONA tokens to the "Dead Address"
0xb9e04df5e994733ea42a26b40df7b522a9142c1e3294237b71d05ba40d883dd3
Total burned: $478,164 (70,0000 CRONA tokens) 📍 Sending CRONA tokens from Airdrop to the "Burn Wallet"
0x74de9b6de73660170f30e7eeb5654e36beae5f0a20ea3df42822581457f03a32 📍 Sending CRONA tokens to the "Dead Address" 0xe5209cada7f00610806effcc88bd09bf77df3ec4bfe467b2c9e751629a15137e
Total burned: $33,768.894 (61,262.739 CRONA tokens)
🔥 Trading fees --> 61,262.739 CRONA tokens
All burned CRONA tokens 100% transparent and recorded as transactions on the CRONOS:
📍 Buyback CRONA tokens from trading fees
0x7788ef5ca7b5c3b0cbe702137918617585967b2db9128e56957f6beeca075309
📍 Sending CRONA tokens from trading fees to the "Burn Wallet"
0xc1b7389bbf5a04bbeec32c096289d7e1adf98c1d83fb04d7be87210445f25424
📍 Sending CRONA tokens to the "Dead Address"
0xf187f9d0885d65ee31273e0864d5eaafa677f16b4c007d406f2fb789b09848a3
Total burned: $22,709.351 (18,125.545 CRONA tokens)
🔥 Trading fees --> 18,125.545 CRONA tokens
All burned CRONA tokens 100% transparent and recorded as transactions on the CRONOS:
📍 Buyback CRONA tokens from trading fees
0x5f0546604ecd3fd346a40b14ffb530f8889bfeeb71db1e8f8c0dd9047a7305f8
📍 Sending CRONA tokens from trading fees to the "Burn Wallet"
0x70b994396f077ae74e2c2f3e25fc70422271a2e605cb1f730e57f2f453e15a5c
📍 Sending CRONA tokens to the "Dead Address"
0xbdd8a33fbcdd62f0b47a403c7fbc5db1b720fef5b2f252cb294396d50116cb92
Total burned: $18614.122 (15909.506 CRONA tokens)
🔥 Trading fees --> 15909.506 CRONA tokens
All burned CRONA tokens 100% transparent and recorded as transactions on the CRONOS:
📍 Sending CRONA tokens from trading fees to the "Burn Wallet"
0x6ae1a51cf1be6deaaf5ab4c574c2c475172d4f8d7e3d0d24677466e30bca8ec6
📍 Sending CRONA tokens to the "Dead Address"
0x7252bf637c58d212fde16a76d005f85cf8e429a98cb00e7093c33c87f89e87c3
Last updated