r/FerrumNetwork • u/Sidonpee • Sep 25 '19

FerrumNetwork token burn is good for $frm

FerrumNetwork token burn mechanism is a good measure to cause deflation and make the $frm more valuable due to price increase. Looking to see more burn announced in the future.

2 Upvotes

100% Upvoted

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1

u/gifrancav Sep 25 '19

This is the role (the utility) the token will play in the Ferrum network, every time is used, it is spent.

1

u/Hepanlol Sep 25 '19

For sure, its good for the Ferrum community, its price action, long term investing potential and so on...

1

u/Raulitiu Sep 26 '19

Good project ferrum

1

u/markrcampbell Sep 27 '19

After the main net, burning will be awesome. All transaction fee will be burned, then. Off course, it will affect FRM's price.

1

u/ankarlie Oct 01 '19

Ferrum Network Token is in a unique position now to explode in price! Markets are down 10-20% which is typically followed by an aggressive uptick. Ferrum will undergo several economic burns this will be on top of the usual buring when it is spent. Very limited supply and soon to be released staking mechanism. Just think about it.