Post
Topic
Board Altcoin Discussion
Re: PEAK burning
by
RockCryptoWorld
on 30/04/2021, 13:58:29 UTC
Burning is as common as altcoins but let me remind you that it isn't as clearcut as it sounds.

Burning permanently reduces total circulating supply, which means more scarcity, which means more value right? Wrong, if your token anyway can just have arbitrary reductions and increases in supply (burning is arbitrary if you think about it unless it's fixed into the system).

The PEAKDEFI marketcap has been updated now. Coinmarketcap tracks now additionally the PEAK token on BSC! Now the marketcap is over 60 million USD
which is great I think
https://coinmarketcap.com/currencies/peakdefi/

impressive.
why peak is not listed on Binance?
they have bsc staking
I think Binance listing is a very expensive thing you know  Grin Grin Grin Grin
Listing on Binance is hard thing to do and of course it costs a lot of money. But with all that listing would bring so much more eyes on the project. Maybe it will happen sometimes in future.

That's right, it's not like turning your palm over to be listed in binance. Many procedures and costs that must be done. if you are already registered you have to attract investors to make transactions on the token. If it's quiet, maybe the coin will sink.

I saw too many tokens dumping after the listing

Me too! Hopefully PEAK won't be the case. 2x after BSC staking so I'm expecting them to push marketing before and after OKEx listing to make sure investors will come

I’ll be watching them but we need the announcement to discuss and more news.
Good you shared and thank you but I’ll come back to this project this summer to check If you’re right.
Have a great weekend