Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [BARR] Burning Altcoins for Redemption and Reduction
by
BARR_Official
on 10/11/2015, 11:45:54 UTC

I was looking at data of XAI, KEY, FRAC markets and it appears that on Nov. 1st all of these markets experienced price increases due to people buying these coins for redeeming for BARR.


That is part of our stated purpose.  The only way to earn new BARR is to burn the accepted altcoins during each burn period, so we have to support the price of these altcoins in order to support the price of BARR.