Last week, EXMO conducted the latest burn of their native, EXMO Coin (EXM). This was the third such burn of the token following its launch last year. Taking place on the 2nd July 2020, the event saw 2,092,034.65 EXM burned in accordance with the whitepaper of the token. As per the platform, “we commit to burning EXM tokens at the end of each quarter. This will be happening until 50% of the total turnover of issued tokens remains, that is, 1 billion EXM. [cta text='Visit EXMO' href='/out/exmo'] The purpose of this burn, as well as all burns of native tokens, is to ensure that the desire and value of the token remain at the optimal level among traders. This is based on the following formula -Decrease in supply + Increase in demand = Price Increase. It is a method offered by plenty of other platforms include with Binance’s, BNB token, and ChangeNOW’s NOW token. The EXMO Coin was brought to creation via a listing process that was made up of several parts. If you want to invest in the token, you can do so either directly on their platform and store it on their wallet which was most recently updated last week.