Robinia bought and burned almost 14k tokens yesterday, significantly more than the entire daily supply!

in #robinia3 years ago

Robinia is burning almost all of the newly created tokens each day

If you've followed my blog at all over the last couple weeks you have likely seen me talking about Robinia buying and burning tokens.

Well, this is only going to increase.

Yesterday, for example they bought and burned roughly 14k tokens.

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(Source: https://steemit.com/robinia/@robinia/robiniaswap-token-burn-update-2021-12-10)

That number is meaningless to you until you learn that there are less than 12k tokens created each day.

That means that Robinia burned more tokens than were created yesterday.

With buy and burns like that taking place the token price has no choice but to head north.

Then when you have the IFO coming up that will buy and burn a large chunk of tokens all at once, it gets easy to see why I am so bullish on the price of RBS!

If you want to be a part of the fastest growing defi project on STEEM, check out Robiniaswap https://robiniaswap.com/