What is $TORCH
Last updated
Last updated
Burning is a term used in cryptocurrency to describe taking a certain amount of tokens out of circulation to increase the value of the existing tokens already in circulation.
So why the burnomics? The reason for this is pretty simple: burning coins decreases the circulating supply. A lower supply means an increased scarcity, resulting in higher demand and an increase in value. For this to affect the price, a large amount of a crypto needs to be burned, not just a handful of coins.
The total supply began at 100M. TORCH is being burnt with every buy and sell.
The mission is simple, burn tokens making TORCH forever scarcer.
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