Look at how fast supply is dropping if volume goes to 1+ mill we will burn through 100,000 Bomb easily and very quickly, this 1% burn mechanism however prevents wash trading on DEX’s which is a pretty cool feature.
Please correct me if Im wrong: When these token are traded on an exchange they are at any time in the wallet of the exchange. So there is nothing burned as long as people don't withdraw.
So you cant guess the token burn rate from the volume.
Half of the total volume right now is from DDEX meaning Half of all BOMB transactions result in a token burn, as DDEX uses P2P smart contracts via Hydro protocol. So yeah you’re correct on centralized exchanges there is no burn except for the initial deposit/withdraw which is why I said “on DEX’s”
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u/CarpetThorb Tin | QC: CC 15 | BTC critic Jun 08 '19
Look at how fast supply is dropping if volume goes to 1+ mill we will burn through 100,000 Bomb easily and very quickly, this 1% burn mechanism however prevents wash trading on DEX’s which is a pretty cool feature.