🔥 Burn Event 🔥
100,000 $JEX ($45) just burned 🔥
Supply remaining: 169,357,590 📉
https://t.co/tYO0s01YFT
Notes:
* 30% of #JEX fees are burned
* Spread (in $JEX) coming from dust converter is burned
* $JEX supply can ONLY decrease (no mint will ever happen)
Liquidity has been deposited in the $ETH / $BTC pool on #JEX ⚔️
😱 Don’t forget to #stake your #Knights 👑
Stake here: https://t.co/z0Abno5KS4
Rewards distribution begins soon 😏
#MultiversX#DeFi
🔥 Burn Event 🔥
100,000 $JEX ($48) just burned 🔥
Supply remaining: 173,278,292 📉
https://t.co/sjOnglN1oQ
Notes:
* 30% of $JEX fees are burned
* Spread (in $JEX) coming from dust converter is burned 🔥
* $JEX supply can ONLY decrease (no mint will ever happen) 📉
@adicodarcea@x_Bartie It's also sad, but it's not the same. They earned those tokens, or it was part of their initial allocations. They do not mint them out of thin air.
@x_Bartie On-chain liquidity is very low (~$2M in liquidity pools in WEGLD).
On-CEX liquidity is market makers' money.
Selling $2500-$3000 worth of EGLD every day is enough to have a negative impact on the price.