About Golden Token
GOLDEN TOKEN is a one of a deflationary Token. The rules are simple. There were originally 1,000,000 GOLD in existence. Each time a GOLD is transferred, 1% of the transaction is destroyed. The recipient will get 99% of the transaction amount. So that every time a transfer token occurs, it will reduce global supply.
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x34D6A0F5C2f5D0082141fE73d93B9dd00ca7CE11 |
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Time | Price | Change |
|---|---|---|
Today | $0.0019 | NaN% |
1 Day | $NaN | 0.00% |
1 Week | $NaN | 0.00% |
FAQ
Golden Token (GOLD) is a distinct digital asset that identifies itself as a self-destructing token. This novel concept in the cryptocurrency space strives to introduce a different approach to tokenomics. Unlike traditional cryptocurrencies, Golden Token's unique feature is its self-destructing mechanism, which adds a new layer of dynamics to its market behavior. It's important to clarify that the term "self-destructing" does not imply any negative connotations; instead, it refers to a unique feature of the token's design.
Golden Token operates on the principle of self-destruction, a unique mechanism in the world of cryptocurrencies. While the specifics of this mechanism may vary, the general idea is that a portion of the token is removed from circulation over time. This process seeks to create a dynamic supply model, which can potentially influence the token's value. However, it's crucial for potential users to understand that the self-destruction mechanism does not guarantee any specific outcomes in terms of value appreciation. The market forces of demand and supply ultimately determine the token's value.
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