Virtual currency destruction

1. There are two methods: buy back and lock up or buy back and destroy. The former aims to sacrifice liquidity for a short-term good gimmick + theoretical deflation. The method is to buy back through the secondary market. Of course, there is also the practice of transferring money directly from the primary market to the lock address. In this case, we should pay attention to monitoring the capital flow of the lock address, which generally occurs in the public chain projects. Comparatively speaking, repo lock is better than repo destroy to reflect the sincerity of the project party, because the repo part will be directly put into the "black hole address" which can be checked, so as to cash in the positive, and attract new investors through the actual deflation and positive pull. Moreover, unlike the buyback lock, which can recover assets, the long-term benefits of buyback destruction are considerable
mainly speaking, it depends on the project party's idea. Gongxinbao and Xingyun chain both adopt the buyback lock mode, while trip of platform currency and blockchain tourism projects on several major platforms uses the buyback destruction mode. The former two brothers were very popular at that time, but they are not making any noise now, and the latter are still developing well. I don't know which mode eke belongs to

2. ZB is an integral issued by ZB token foundation based on blockchain, which can be used and circulated in many scenarios of ZB integral, so that users can enjoy more rights and interests in ZB integral system and get through the whole instry service of ZB integral
the total amount of ZB's original issuance is 2.1 billion, and the current one is 1.4 billion. The total amount of ZB's current issuance is 700 million, the secondary market circulation is 468 million, and the user protection fund is 231 million

3. The platform currency of fire currency is destroyed every month, and August is no exception.

4. As the platform currency of FTX exchange, the destruction mechanism of FTT is simply that the exchange will spend a lot of money on the repurchase and destruction of FTT. These destroyed platform currencies will first enter the black hole address and cannot be taken out until the stock of FTT is only 50% of the previous one. Of course, so far, FTT has carried out 57 times of repurchases and destruction, with a total amount of US $24.82 million.. I'm glad you've accepted my answer

5. The total number of BNB destroyed in 2020 is 13384040, compared with 5324482 in the previous year.

6. Whether the platform currency has value is not only determined by the quantity. ZG, as the platform currency of zg.com trading platform, also has multiple applications. So, about ZG's rights and interests of holding currency, whether to choose to buy back and destroy or to hold currency to reward? Zg.com launched a vote in January 2019, in which users holding ZG voted to choose whether to share dividends or buy back. According to the voting results, ZG implements the repurchase and destruction policy, that is, zg.com platform uses 50% of the monthly transaction fees generated by the platform to repurchase ZG points, and then destroys them. In the long run, the total amount will decrease and the price will rise, which can also ensure the steady trend of ZG.

7. It is against the law, but if the quantity of destruction reaches hundreds, it will be against the law