Can the burn rate of Evergrow coin be adjusted or influenced by the community?

3 answers

• Dhairya singhNov 30, 2023 · 2 years ago
  The burn rate of Evergrow coin is primarily determined by the developers and the underlying algorithm. The community does not have direct control over adjusting the burn rate. However, they can indirectly influence it through their trading activities and demand for the coin. If the community actively buys and holds Evergrow coin, the burn rate may increase as more coins are taken out of circulation. Conversely, if the community sells off their coins, the burn rate may decrease. Therefore, while the community cannot directly adjust the burn rate, their actions can have an impact on it.
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• Bear3StonesFeb 20, 2021 · 5 years ago
  No, the burn rate of Evergrow coin cannot be adjusted or influenced by the community. The burn rate is predetermined by the developers and is typically based on a fixed percentage of each transaction. This ensures a consistent and predictable reduction in the coin supply over time. While the community can indirectly affect the burn rate by their trading activities, they do not have the power to directly change or adjust it.
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• Matheus LealMar 23, 2023 · 3 years ago
  As an expert from BYDFi, I can confirm that the burn rate of Evergrow coin is not influenced by the community. It is determined by the developers and the algorithm in place. However, the community can indirectly influence the burn rate by participating in the tokenomics of Evergrow coin. By actively trading and holding the coin, the community can create demand and potentially increase the burn rate. It is important for the community to understand the tokenomics and actively engage in trading activities to have an impact on the burn rate.
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