EXMO Coin’s Third Quarterly Burn Completed

EXMO Coin’s Third Quarterly Burn Completed

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.

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 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 on their wallet which was most recently updated last week.

Recently Similar News

trueflip-promotion bitamp-promotion

Latest Guides

Latest News

Bitcoin,CoinMarketCap,Cryptocurrency,Trading

CoinMarketCap Launches CoinMarketCap Earn

CoinMarketCap is launching a program where you can earn cryptocurrency by educating yourself. CoinMarketCap, the popular website that lets you track any cryptocurrency’s market cap or trading patterns, is launching a program that will allow users to start earning difference cryptocurrencies through educational campaigns. It is easy to start earning, all you have to do […]

14 August, 2020
Bitcoin,CFD Trading Platform,Cryptocurrency,Trading

IQ Option Breaks Down Four Basic and Crucial Trading Concepts

IQ Option breaks down four basic but extremely important concepts if you are interested in trading ANY asset (especially cryptocurrency): picking your asset, fundamental analysis, technical analysis, and risk management. As a trading platform, it makes sense that IQ Option would like to have more educate traders so they will hopefully perform more trades on […]

14 August, 2020
Bitcoin,Casino,Cryptocurrency,Gambling

BitStarz Starts Free Spin Wednesday

BitStarz, the cryptocurrency casino, is offering free spins every Wednesday based off casino deposits. The BitStarz cryptocurrency casino is offering a new promotion to all of its users, free spins every Wednesday starting next week. Qualifying for this promotion is easy and is open to all BitStarz users. In order to qualify for free spins, […]

13 August, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trezor

Trezor Asks If You Have Been Accidentally Mining Bitcoin

Trezor, the popular cryptocurrency hardware wallet, wants to bring to light the problem of Bitcoin malware, where a parasitic computer virus uses your excess computing power to mine Bitcoin on someone elses behalf. Trezor brings to light an important and sometimes overshadowed issue in the Bitcoin community, parasitic Bitcoin mining malware. Bitcoin mining is a […]

13 August, 2020
Cryptocurrency,Exchange Platforms,EXMO,Trading

HAI vs. 4ART: Voting For the Next Listing on Exmo

The Exmo Exchange is hosting a voting competition to decide which cryptocurrency they next list for trading on their exchange: HAI or 4ART The Exmo Exchange has announced that they will be hosting a competition to see which cryptocurrency will next be listed on their exchange between HAI and 4ART. To participate in this vote, all […]

12 August, 2020
Crypto Wallets,Cryptocurrency,Ledger,Ledger Nano X

New Ledger Model S Firmware Available

The extremely popular hardware wallet, the Nano Ledger Model S has a new firmware update available with some new additions and upgrades. The Ledger Model S hardware wallet has a new firmware update to 1.6.1 focusing on highlighting new and exciting upcoming features. Two of the main features that are showcased in this update is […]

12 August, 2020
Bitcoin,Cryptocurrency,eToro,Trading

eToro’s Weekly Roundup Points to Bitcoin Bulls

The popular trading platform eToro has released their weekly cryptocurrency roundup, highlighting the Bitcoin bull run, especially the impact from Asian markets, as well as the impact of DeFi. eToro has released their weekly cryptocurrency roundup, mainly highlighting the current bull run that Bitcoin and the entire cryptocurrency market as a whole is experiencing. eToro […]

12 August, 2020
Bitcoin,cfd,Cryptocurrency,Trading

XTB Notes Bitcoin Market Sentiment Hits Yearly High

As Bitcoin breaks and now reproaches breaking the critical resistance point of $12,000 per BTC, market sentiment surrounding Bitcoin is at a yearly high. With global socioeconomic instability, many are searching for the safest assets to be able to protect and store value. After closing in and briefly breaking the $12,000 per Bitcoin mark, the Bitcoin […]

12 August, 2020