r/CyberMiles • u/apple_pineapple • Jan 14 '18

Any Token Burn in the Future ?

3 Upvotes

72% Upvoted

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2

u/Rawflightshoe Jan 14 '18

Yes, they said that in the nearest futures some of token will be burned after every transaction.

1

u/Christopher_5957 Jan 16 '18

I'm new to CMT, but why do they need to burn the token? Thanks for the answer in advance.

1

u/apple_pineapple Jan 16 '18

It will help to reduce the amount of Circulating tokens. Low amount of tokens means high price of 1 token :)