Basketcoin (BSKT) is solving a unique problem. Is is the first fully deflationary token secured with a basked of cryptocurrencies with the possibility of staking and management.
Cryptocurrencies whose supply in the market is constantly decreasing, to a predetermined and contracted amount are called deflationary cryptocurrencies. The deflationary system for cryptocurrencies is completely different from deflation in the strict economic(traditional) sense. In the prevailing conditions of deflation in traditional markets for the same amount expressed in fiat money, after a while you can buy more goods or services offered – this, of course, is directly related to the increase in the purchasing power of fiat money. In the world of cryptocurrencies, in turn, deflation is subject to token or coin, and their value will fundamentally increase relative to national currencies.
In the case of deflationary cryptocurrencies, the constitutional premise is to gradually reduce
the existing number of available tokens by eliminating them from the market in a process that is
generally called token burning. Such a state of affairs, in essence, will lead to an increase in the
valuation of tokens while reducing their amount. It should be added here that burning tokens does
not destroy them in the literal sense of the word, but only permanently prevents their use in the
future. Burned tokens are placed in a special public wallet, which is called “eater address”. The
status of tokens contained in this wallet is published on the blockchain network, and all tokens
contained in it, as already mentioned, are permanently blocked.
The elimination process can be achieved through the following actions:
1. burning a certain percentage of available tokens,
2. purchase tokens and then burn them, or block them,
3. removing tokens from circulation by placing them on special platforms for this purpose.
Deflationary cryptocurrencies are gaining more and more interest in the blockchain
architecture mainly thanks to one of its biggest advantages, which is undoubtedly maximizing their
value by increasing the valuation of tokens in proportion to the decrease in their amount in
circulation (circulating supply).
Basketcoin web site:
#basketcoin #bskt #deflation #deflationary #inflation #inflationary #bitcoin #ethereum #altcoins #chainlink #altcoin #altcoinbuzz #THETA #PAID #Investing #Cryptocurrency #Invest #Binance #news #BTC #success #finance #entrepreneur #business #market #altcoinbuzz #eth #nfts #IoT #crypto #poland #polish
0:00 Introduction to Basketcoin BSKT
2:18 BSKT Public Sale
4:02 What Makes Basketcoin Deflationary?
6:36 Social Media Resources
7:13 $2000 Giveaway in BSKT
🔷 ALTCOIN TRADING SIGNALS – https://t.me/AltcoinBuzzChat
🔥 TOP CRYPTO NEWS – https://www.altcoinbuzz.io
🚀 FREE NEWSLETTER – http://eepurl.com/dnIEz1
🔶 TWITTER – https://twitter.com/altcoinbuzzio
💡 FACEBOOK – https://www.facebook.com/altcoinbuzzio
Cryptocurrency And Bitcoin Visa Card – GET $25 FREE ON
► CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB
Trade On Binance!
► https://www.binance.com/en/register?ref=UAMKZ47P *Code is UAMKZ47P
CRYPTOCURRENCY MARKET PRICES AND DATA
► COINGECKO https://gcko.io/altcoin-buzz
🔺 NOTE If you use the above referral links, we receive a commission at no additional cost to you.
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Trade Forex Successfully – 5 Tips to Get You on the Road to a Triple Digit Income Quickly!
If you want to learn to trade Forex successfully you can by following our 5 simple tips to trading success. While 95% of all traders lose money trading currencies its a known fact that successful trading can be learned by anyone. Lets look at how to trade Forex successfully in more detail.Trade Forex From Home – Why Anyone Can Become a Successful Trader Quickly
Here we will look at how to trade Forex from home with a simple method the pro traders use. Not only can you learn this method quickly, it can also make you big Forex profits in around 30 minutes a day.Unique Advantages of Forex Trading
Some people like to take some risks in their investments. If you are one of those people then why not try forex trading. It is basically the buying of foreign currencies allowing some time for the market prices to increase before selling them again to make a profit.How People Make Money From Forex Trading
Sometimes, we only see what we want to. Take the case of forex trading as an example. Some people think it is that easy to trade foreign currencies, investing their hard-earned money by buying and selling in the foreign exchange. However, the truth of the matter is that trading foreign currencies entails a lot of risk and procedures.Forex Robot Trading – Why They Always Lose Money for Users
Forex robot trading is popular and there are numerous ones which cost just a hundred dollars or so but the only traders who use them are naive or greedy traders and they all lose money. All these cheap robots lose and the reason why should be obvious so let’s take a look at it.