Careonchain will launch ICO on July 14, 2018 and has implemented every effective

Careonchain will launch ICO on July 14, 2018 and has implemented every effective method to increase its token value. One of the most credible methods is to burn unsold tokens in ICO. You may wonder how it helps in increasing the token value, we'll let you know how.
This is quite based on the principle of demand and supply. When the supply of commodities is less, the price of the commodity automatically becomes high. However, in cryptosphere, a burning token means getting rid of unused and unsold tokens to keep the remaining value.

What is Token Burn?

This prevents the burning of token or coins that are indispensable. This methodical combustion helps in coin regulation, it helps in avoiding the flood of cryptocurrency which can cause the price drop of all the coins. Careonchain has adapted this process to keep the token price intact.
We want to make sure the token retains its intrinsic value and does not lose it due to a disproportionate overflow. This token burning process is followed by most of the current ICO projects, but this is considered a trivial task compared to other parts of the project.
Token burning is much more significant than the project owner considers. Due to lack of attention, if this process is not carried out properly, the result is the circulation of the coins in the basement. This instantly touches your token price and can ruin all your incentives and incentives schemes.

How to Burn Tokens

There are several different methods used to burn or destroy tokens. The most common is to send cryptocurrency to an invalid and inaccessible account. By doing this, your tokens are sent to a black hole, from which they can not be recovered. An unusable address makes the token inactive forever.
Another way to do this is to pay a transaction fee. This particular method is most common in Ripple cryptocurrency. The idea is to generate more number of transactions and incinerate a bit of transaction value to keep the value high. By paying for the transaction, you end up paying the entire network, not each party.

Integrating it into the Project

{Careonchain will start burning tokens from January 2019. This process will continue for 36 months, burn 2-3million tokens each month according to market}
Careonchain has noticed this process, because it is very important in keeping the price intact. Being a technology driven project, Careonchain has addressed every aspect of blockchain and used it to create an optimal environment. We admire the technology that has given us the opportunity to take bigger steps.
By telling the importance of token burn, we want to acknowledge the magic of cryptocurrency. The Careonchain project is dedicated to hybrid technology and we have ensured that our token holders get the exact value of their tokens. Along with the token burn, Careonchain will take care of every important thing that will serve our investors.