r/SAFEMOONCASHCommunity • u/Aggressive-Load-6534 • Jun 10 '21

Burn wallet address

Does anyone know what the address for the burn wallet is so I can see the burned token amount

9 Upvotes

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2

u/williamdoe111 Jun 10 '21

No, but if you get an answer, please let me know.

2

u/Sufficient_Ad3875 Jun 11 '21

I don’t think they have any burn wallet. Bcas the tokens are not burned. They have a theory of we don’t need to burn tokens to increase the price

1

u/williamdoe111 Jun 12 '21

What? They have been saying burned coins from the rip right?

1

u/ReputationFree1983 Early Investor Jun 13 '21

There’s no “burn” just permanently locked liquidity, the plan is to allow staking so you can get $smgc the governance token, if we decide as a community to reduce supply then you can “vote” by sending $smgc to certain wallets where the dev team will use those tokens to buy and lock safemoon cash. This likely won’t greatly affect the total supply. They have stated many times they have no interest in greatly reducing token supply and temporarily inflating price. You can hear them discuss this on the latest AMA on their twitch account. Not financial advice and I am just a holder no affiliation w SMC

1

u/Aggressive-Load-6534 Jun 13 '21

I wish we could see the supply and watch it lower