Post
Topic
Board Tokens (Altcoins)
Re: EQUAL - Self-deflationary, Fairly Distributed, Multiplatform Utility Token
by
Trofo
on 19/02/2018, 13:21:48 UTC
pls i want to hold this coin dose this coin have awindow wallet can it stake and i dont understand what u mean by it geting bunt will my coin reduce if i transfer it from one wallet to another pls some one shopuld put me through sorry if a i ask so much thanks

There is no qt client or similar if that is what you are asking. For now you just use your ETH wallet for storing EQUAL token.

Every time you send EQUAL a small quantity is burned. EQUAL has a burn fee of 1% of your total transfer amount, with a max burn fee of 250 EQL.

The burn works in following way:
You have to have more tokens than you want to send. Example: If you want to send 100 EQUAL tokens you have to have 101 of them. 1 will be burned. If you want to send 30.000 EQUAL tokens you have to have 30.250 tokens and maximum burn fee will be applied effectively burning 250 tokens.

The idea behind burn process is that it will raise the value of tokens over time thus awarding hodlers.