Voted Best Answer
Jan 23, 2019 - 04:17 AM
Saturday, November 30 2019
We have committed to the burning of all the tokens that are not sold during the Pre-ICO.
How does this benefit YTC token holders?
Traditionally the burn will result in a higher token valuation. The more tokens that are burned, the higher the likelihood of a
Why should you care if the tokens are burned, even though the number of tokens you own remains the same?
What determines the value of cryptocurrencies and what causes their fluctuation?
The value is dependent on the straightforward principle of supply and demand.
When the demand is high and the supply limited, it drives the value higher.
The inverse is also true, a glut in the market leads to lower demand and lower values.
When YTC completes its token burn and reduces the supply and availability, the increased demand will likely push the value higher.