Token burning is a well known mechanismy to limit the Total Supply.
With burning the GHX’s team is proving its own commitment to long term project development and willingness to make GamerCoin native token for gamers - especially in the times of metaverses. Burning also incentivises project investors - with the same market capitalization and less tokens on the market it will benefit GHX hodlers.
The tokens come from various pools, mostly from the GamerHash TEAM pool - from Founders.
The process consists several rounds of token burning with a monthly interval which started on the 29th of December with 12,000,000 tokens.
Gamerhash burns 72,000,000 GHX which is 8.1% of the total supply. It will cause a decrease in the total amount of GHX from 880,000,000 to 808,000,000.
GamerCoin (GHX) is the first licensed (EU) token for gamers. Native utility token of GamerHash platform, used by over 660,000 users, who mine crypto with gaming PCs. We are focused on gaming, digital goods & NFT’s marketplace. More details