🔥 Sidra Chain official updates 🔥
Msg from official channel.
We are preparing for a token burn event this week as part of our ongoing commitment to strengthening the ecosystem. Regarding the exchange listing, we are awaiting final regulatory clearance before proceeding. Transparency and compliance remain our top priorities, and we will share updates as soon as approvals are confirmed.
Let me tell you about burning 🔥 what is the meaning of burning 🔥
In cryptocurrency, burning refers to the deliberate removal of tokens from circulation. Projects do this by sending tokens to a special “burn address” — a wallet that can only receive tokens but can never send them out. Once tokens are sent there, they are permanently inaccessible and effectively destroyed.
Why projects burn tokens??
- Reduce supply: By lowering the total number of tokens in circulation and result in increased the price
- Support value: With fewer tokens available, the remaining ones may become more valuable if demand stays steady or grows.
- Signal commitment: Regular burns can show that a project is serious about long-term sustainability and protecting holders from inflation.
- Tokenomics strategy: It’s a way to manage inflation and balance supply-demand dynamics in the ecosystem.
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