Viewing a response to: @funtraveller/f3tdsbynx
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| author | ocupation |
|---|---|
| permlink | fkdbwbz2x |
| category | musing-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"}" |
| created | 2018-11-18 09:53:33 |
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