No One want to burn. We are aiming for massadoption. So high circulation is Great, also for micropayments

I dont need a burn all the things eca is working on are good enough. At the end a good long hold and a goodbteam do the trick short term is just pump and dump. Specialy dumb

but you will end with the same $ value....

if i have for example 1mill coins at 5 sats.... and then a 10:1 burn happens i have the exact same $ value at 50 sats with 100k.

you dont get the point of burning in a mined coin.

if you burn from team wallets or similar yes youre right. but theres no team wallet or similar

It doesn't matter how big is the suppy ( unless it is within the limits ) . See XLM or XRP or TRX. You will find out that the supply is >150B which is 5X more then ECA even

a swap i something different

Im sad about WillyDWhale😭

πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚Yes I do

a burn with coins/token is on the same chain. theres is a adress where coins are burned thats in controll of the team or everyone loose coins in a burn. a swap is on a different chain or goes from token to coin or the opposit.

Haha, tbh I thanked you in CM Chat. πŸ˜„

if you burn for example BTC. where do you take the burned coins from? all the existing wallets right? 10:1 burn means you get 10 times less coins on your wallets and price should rise x10. so you end up exactly the same$ value

thats why i explain it for you. take for example a token that burns from team wallet. supplie 100mill, they burn 10mill from the team wallet. no one gets less coins and the value will rise 10% because of 10% less supplie.

Haha, you can stay here. I like you. 😁

but thats simply not possible with eca. because theres no team wallets or similar, it will be burned from all wallets.

i hope you understand what im trying to say

resp. the logic behind it

That’s cool. I had no idea why people burn coins.

please say yes πŸ˜‚πŸ‘

the difference between a burn with all wallets or with teamwallets. and the rise in value in each situation

it always depends from who you burn the coins. its from one wallet you will gain price value...form all....you gain nothing. less supllie more price rise. but not more mcap

if you burn for example BTC. where do you take the burned coins from? all the existing wallets right? 10:1 burn means you get 10 times less coins on your wallets and price should rise x10. so you end up exactly the same$ value

best example i can give you, and you can exactly take it 1:1 for eca.

most of the times it ends up with not a pricerise with the ration that was burned, it will be most likely less. so you will loose....

Then, I wouldn’t have invested in ECA. It’s a double-edged sword. πŸ€·β€β™‚οΈ

But, still hopefully we will get all of our coins back and someone to take over CM or revive it as another exchange, it was easy to use.

Patrick Doyalikebass
Thx for the explanation did not know about team wallet. I only know it from xrp. But still long hold a good team do the trick

we dont have a teamwallet. but there are coins/tokens they have. and when they burn from this wallet it wont affect the community holdings and will lower the supplie when all will hold the same amount. but the overall coincap is lowered. so the price rises. with a mined coin that doesnt work because everyone has less coins. only a pricerise about the ration you have less coins. normally

Like BitConnect, it had great marketing, but it would be nice to have it revived, with a more responsible team.

Remember B3 to KB3 Coin burn as well that went well, I had near 20M bought at .01 Sat now have 25K worth around $2.50 I think something like that anyway. That was another coin shilled heavily in CM days. TBH I think anyone that suggests coin burns is a noob, and rank in my opinion with the When Binance brigade.

I was going to be a millionaire :)

sry complete wrong way of thinking πŸ˜‰πŸ˜œ

Akon suggested the burn in the first place, i rest my case :)

but i stop it now^^

Why would coinburn be a good idea