The conventional cryptocurrencies customarily have a large circulating supply, which makes it hard for its value to grow as the market cap would be unrealistically high. Deflationary cryptocurrencies, on the other hand, typically have a considerable lower initial supply and a percentage of tokens is burned with each transaction. This theory drives to the analysis that less supply will reach to higher demand.
Dynamite Token (DYNMT) endeavors to become the best-known deflationary currency of the cryptocurrency world and are at already listed on a few exchanges such as DDEX, Etherdelta, Satowallet, and Fordelta.
What is Dynamite Token (DYNMT)?
Dynamite Token (DYNMT) is a deflationary cryptocurrency that is an ethereum token that utilizes the erc-20 based blockchain infrastructure.
It is an open-source, community -based, and focused social experiment. Partaking in this experiment does not present an offer of ordinary shares of any asset, and token holders are not designated to or promise d any dividend / financial reward. The tokens are not intended to build Securities under any jurisdiction. The world’s first highlight of Dynamite token is that 2% token is burned forever for every transfer. This project is meant as an academic study. All information from this experiment will be introduced to the public via releases.
A Project With No ICO/IEO
Important crypto activities such as ICO or IEO were not going to happen on this project as t was set out as a social project for the advantage of the public with no profit. The other objective is to restrict the participants from harm. It is recognized that people have experienced high financial losses due to ICOs conducted in recent years. Because of this, the ICO process has lost a lot of confidence, and IEO processes have started to appear. But, participants can make a profit in the IEO processes.
For these reasons, the DYNMT avoided activities such as ICO and IEO, which caused loss of trust. We did not make an ICO raise funds. Inside the scope of the Dynamite Token project, the purpose of giving 540,000 tokens to the public at no charge. There is no commercial purpose for these activities. DYNAMITE Token project, which was designed to be inversely proportional to ICO projects, was achieved as a public project with a 2% burn rate.
Mission And Vision
Dynamite Token strives to become the leading deflationary currency of the crypto industry and to implement results that will support academic studies. They also consider Dynamite Token will help to fix the issue of token velocity by having a 2% burn rate.
This project has built up a healthy and active community of over 11,000 followers on Twitter and over 15,000 followers on Telegram. The DNMYT team believe that their community is their biggest asset and their most significant competitive advantage.
Unlike the typical crypto projects, DYNMT don’t have an Initial Coin Offering (ICO). Instead, 60% of DYNMT will be distributed to their community for free through games, quizzes, and competitions, with 30% being reserved for marketing and development, and 10% is locked up in team wallets.
Dynamite Token surely has a bright future ahead of it. With its ever growing community, anything could possibly happen to this project in positive ways. Every crypto project needs supporters, and without these people, the project will perish and be forgotten. But with DYNMT team, it is impossible to happen as they are generously providing rewarding entertainment to their community members.
There are lots of discussions that the DYNMT token will get listed on major blockchain trading asset platforms soon. This is just an exceptional indication about how promising and innovative this project that the crypto community is trusting and providing support.
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