Post
Topic
Board Announcements (Altcoins)
Re: (XF₲) Fuego 🔥 Decentralized Privacy Banking Network (POW)
by
aejontargaryen
on 10/10/2023, 15:17:05 UTC
thanks. measure twice, cut once + slow and steady wins the race.

When the script is ready you can deploy it on any EVM chain available out there with a little bit of tweak and start adding DeX liquidity with your wrapped coin.

Original Coin has no need to burn but the wrapped version can be burned

because your coin supply is limited you dont need to burn the original coin instead save the coin on cold wallet or something.

the wrapped token is flexible you can take a look at this example

I agree. and you are correct about not needing to burn, i know a lot of coin communities just mint a collateralized amount however, since we are depending so heavily upon wrapped XFG for pricing - I believe the minting needs to be as decentralized (and accessible) as possible.
Appreciate your insight.