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Question asked on Musing.io by funtraveller

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· @funtraveller ·
$0.28
Question asked on Musing.io
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properties (23)
authorfuntraveller
permlinkf3tdsbynx
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json_metadata"{"app":"Musing","appTags":["steemit","cryptocurrency"],"appCategory":"steemit","appTitle":"What benefit can we get in burning Steem tokens?","appBody":"","appDepth":1,"musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"question"}"
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vote details (3)
@asridsyaref ·
$0.27
Question answered on Musing.io
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properties (23)
authorasridsyaref
permlinkfkvz6my2x
categorymusing-threads
json_metadata"{"app":"Musing","appTags":["steemit","cryptocurrency"],"appCategory":"steemit","appTitle":"What benefit can we get in burning Steem tokens?","appBody":"<p>Burning token can reduce the total supply and as one of effective methods to increase the stability the coin value and token. As it is adopted the economic principle \"reducing the quantity of something make it much more valuable.\"</p>","appDepth":2,"appParentPermlink":"f3tdsbynx","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-11-18 09:57:51
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vote details (2)
@ocupation ·
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properties (22)
authorocupation
permlinkfkdbwbz2x
categorymusing-threads
json_metadata"{"app":"Musing","appTags":["steemit","cryptocurrency"],"appCategory":"steemit","appTitle":"What benefit can we get in burning Steem tokens?","appBody":"<p>When steem gets burned it automatically gets out of system which basically means that supply is being decreased.</p><p>The less tokens in the system the more its worth. So at the moment steem has about 300 million tokens in circulation and market cap is 173 million. When you devide market capitalizaton with number of tokens that are in circulation you get the value of one token. </p><p>(170 000 000:300 000 000=0,60)</p><p>I mean it is not as easy and simple as it seems but that is the logic behind burning steem.</p>","appDepth":2,"appParentPermlink":"f3tdsbynx","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
created2018-11-18 09:53:33
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@shivohum2015 ·
$0.26
Question answered on Musing.io
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properties (23)
authorshivohum2015
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json_metadata"{"app":"Musing","appTags":["steemit","cryptocurrency"],"appCategory":"steemit","appTitle":"What benefit can we get in burning Steem tokens?","appBody":"<p><strong>Benefits:-</strong></p>\n<ul>\n <li>We can get rid of inflation to some extent.</li>\n <li>Supply/demand ratio will get little adjusted and less supply will create more demand.</li>\n <li>It may affect the price of steem to some extent and steem value may rise.</li>\n <li>It may help to re-adjust certain other parameters within steem ecosystem</li>\n</ul>\n<p>Thank you and Have a great day.</p>\n<p><br></p>","appDepth":2,"appParentPermlink":"f3tdsbynx","appParentAuthor":"funtraveller","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (3)