Recently, the cryptocurrency market showed a new level of strength on Aug. 9 as majority of tokens have tried to sustain recent gains and Bitcoin price reach a new 3 month high at $46,293. Information from Cointelegraph Markets Pro and TradingView shows that the biggest achievers over the past 24-hours were to LoTex (IOTX), CyberVein (CVT) and Swipe (SXP).
The burning of tokens involves the permanent removal of existing cryptocurrency coins from circulation. The practice of burning is quite common in the industry and is very simple. Token burning is a deliberate action taken by the creators in order to remove a certain number of available tokens from circulation.
Are you wondering what tokenization is? You have heard about that, but still does not how does tokenization work? What tokens are? We gathered all informations, just to let you know everything about that process. Let’s get started!
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