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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn

in SteemitCryptoAcademy3 years ago

Hello friend,

Many stablecoins in the crypto market, such as USDT, burn an amount of their coin to keep themselves pegged to a fiat currency such as the US dollar

Wow I am really new to this friend, although I am new to it, it sounds so true because I know burn token affect the movement and growth of the Blockchain. No wonder USDT has been so successful of a long period of time and you rarely see the USDT leave this peg it has with USD.

Thank you very much for sharing, please you can check my own entry here

wishing you success

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 3 years ago 

Glad to know you learn something new from me, yes stable coins are also burned to sustain them. Thank you for the comment.

Peace, Greeting.