Post
Topic
Board Gambling
Merits 1 from 1 user
Re: Freebitco.in - FUN Token Investment Experiment
by
dwyane36
on 13/04/2023, 01:30:12 UTC
⭐ Merited by FinneysTrueVision (1)
How relevant is this event?

"Apr 11 2023
FUNToken completed its 7th token burn, burning a total of 19,806,555 $FUN."
https://funtoken.io/funtoken-successfully-completes-its-7th-quarterly-token-burn/


It looks like they burned the most FUN tokens this time compared to the previous quarters. However, I think that all these announcements about token burning are nothing but marketing tricks because these burned 19 million FUN tokens are only 0.18% of the total emission, and it's obvious that the FUN price doesn't react to this in any way. Just calculate how many quarters it would take for token burning at that rate to start to have any effect on the FUN price.