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Author Topic: Transburn Announcement (Deflationary Token)  (Read 1266 times)
Nathan01 (OP)
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July 21, 2019, 05:37:11 PM
 #1

TRANSBURN Deflationary Token

TransBurn is an open-source and community-driven social experiment with usecase.



Why TransBurn?

Transburn token is specifically made for dapp game transaction with a coded deflationary 1% per transaction, which means every onchain transaction 1% will be automatically destroyed. This method and application create scarcity for the transburn token to make it surge high base on the law of demand and supply.

The demand for transburn token will be relatively increase day by day because this is real usecase token that's back up by decrease in total supply upon any transaction made on chain. The more the awareness and interest of blockchain users get involves in usage of transburn the more the velocity of transburn ascending. Transburn is created by blockchain enthusiasts who believe in creating new ideas for the improvement and betterment of block chain industry whereas give the Crypto community to take care of the transburn by promotion and application of marketing strategy. Therefore transburn is largely own by its users and community who believe in new ideas and innovations.

NB: Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards. Tokens are not intended to constitute securities in any jurisdiction.


Note: I am not a part of the Transburn team and am not a point of contact for this project. For any questions related to the project, kindly contact the team members via TransBurn

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ning_aric
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July 22, 2019, 02:54:23 AM
 #2

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

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July 22, 2019, 04:35:48 AM
 #3

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction?  So this 1% tokens from that transaction I hope?  BTW whre are these tokens listed? 
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July 22, 2019, 04:38:59 AM
 #4

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.
jumiapaul
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July 22, 2019, 04:42:06 AM
 #5

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.
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July 22, 2019, 04:48:05 AM
 #6

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.

I agree with you, I ones read an article on how the burning of tokens would affect the supply of the tokens and the value as time progress. And I must commend the developers for bringing this initiative to limelight. There are several cryptocurrencies in the industry and distinguishing transburn from others is a great accomplishment.
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July 22, 2019, 04:51:02 AM
 #7

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

It's a popular strategy among deflationary tokens to get a portion of the tokens burnt per transaction. My concern is that the supply is low and with the consistency of transactions, it may take few years before everything eventually gets burnt.

It's quite funny, the way you arrived at your conclusion. Everything would eventually get burnt, no doubt. But that's not in few years time. Rather the limited supply would keep increasing the value and make holding the tokens become very lucrative.

I agree with you, I ones read an article on how the burning of tokens would affect the supply of the tokens and the value as time progress. And I must commend the developers for bringing this initiative to limelight. There are several cryptocurrencies in the industry and distinguishing transburn from others is a great accomplishment.

We only have to understand the significance of demand and supply to appreciate the strategy of transburn. I was amazed reading through the details of the project and it dawned on me that a new era has come in the cryptocurrency space.
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July 22, 2019, 06:33:52 AM
 #8

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction?  So this 1% tokens from that transaction I hope?  BTW whre are these tokens listed? 

It's listed on DDEX and vindax
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July 22, 2019, 08:14:56 AM
 #9

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction?  So this 1% tokens from that transaction I hope?  BTW whre are these tokens listed? 

It's listed on DDEX and vindax

I know about DDEX exchange. It’s a good exchange and has a good liquidity for all it’s listed tokens. Where is Transburn project from? What’s the project about? Do they have a use case for these tokens?

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July 22, 2019, 09:07:21 AM
 #10

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6

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July 22, 2019, 11:55:19 AM
 #11

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

1% of the tokens gets burnt every transaction?  So this 1% tokens from that transaction I hope?  BTW whre are these tokens listed? 

It's listed on DDEX and vindax

I know about DDEX exchange. It’s a good exchange and has a good liquidity for all it’s listed tokens. Where is Transburn project from? What’s the project about? Do they have a use case for these tokens?

Transburn is a deflationary token with real use case. It's a fuel for dapp games and other utilities connected with dapps.
Transburn has use cases.
Major use case are the dapps which I believe are being developed.

One of the use cases  is already effective . There is a market where you can trade TRB tokens for physical goods.
You can check
@trbmarket (telegram)
Olorijayz
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July 22, 2019, 12:06:16 PM
 #12

1% of Transburn tokens gets burnt every time someone makes a transaction. Wow. I guess that going to make the amount of tokens in circulation very low and with increasing demand the price would skyrocket.

The 1% burn for each transaction, does this also applies to transactions from contract address to exchange or wallet to exchange so it does not result in double burn on the part of the token holders? I will need a clarification in this regards.

.... H
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July 22, 2019, 09:39:35 PM
 #13

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6
Thanks for bringing this to my notice. I will need to hold more of my tokens some times more to enable me be one of the participants for the holders airdrop
 The burn rate Is also feasible and will help the project in the long run

.... H
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July 22, 2019, 10:33:58 PM
 #14

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6

token burn on every project how is that gonna be like, and is that even a wise thing to do, i would like to know how this would affect the value of the token

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July 23, 2019, 03:17:50 AM
 #15

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6

token burn on every project how is that gonna be like, and is that even a wise thing to do, i would like to know how this would affect the value of the token

It's making the supply smaller which means it can help the coin price to go higher. Just think about demand over supply on the market. The more people trying to hold the smaller coin supply the higher chances of having high prices on it.

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July 23, 2019, 06:26:25 AM
 #16

Transburn is live on coingecko.

Follow update here:
https://www.coingecko.com/en/coins/transburn?utm_content=transburn&utm_medium=search_coin&utm_source=coingecko
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July 23, 2019, 06:26:34 AM
 #17

I like this project, token burn on every transaction. They also have an airdrop program that ends on 23rd July. Everyone who holds a minimum of 500 Transburn tokens would receive airdrops tokens : https://forms.gle/GYstPE75aKSJTgWE6

I guess I’ll have to buy more Transburn tokens. So much so I get more airdrop tokens. The more Transburn tokens you hold the more tokens would be airdropped to your wallet. When would the screenshot be taken?

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July 23, 2019, 06:29:15 AM
 #18


That’s awesome. Coingecko listing would give Transburn tokens great attention from traders. It’s volume and token metrics details would be public too. Would there be listing on CoinMarketCap too?

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July 23, 2019, 07:01:50 AM
 #19

There’s a token airdrop to wallets that hold over 500 Transburn tokens. You need to hold it on a personal wallet and it the wallet address has to be submitted on the form. I just bought more Transburn for the airdrop.

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July 23, 2019, 11:51:54 AM
 #20

There’s a token airdrop to wallets that hold over 500 Transburn tokens. You need to hold it on a personal wallet and it the wallet address has to be submitted on the form. I just bought more Transburn for the airdrop.
What then is the fate of those holding their transburn tokens on exchange wallets. Will they also receive the additional airdrop alloted for this campaign?

.... H
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