How often are ViciCoin (VCNT) coins burned?

ViciCoin's quarterly burning schedule consistently reduces the total token supply, enhancing its scarcity and potentially driving long-term value appreciation.

Jan 06, 2025 at 05:46 pm

ViciCoin (VCNT) Burning Schedule and Implications

Key Points:

• ViciCoin (VCNT) adopts a transparent and consistent burning mechanism to ensure continuous supply deflation.
• The burns are conducted quarterly, ensuring a regular and predictable schedule.
• The burned VCNT tokens are permanently removed from circulation, reducing the total token supply.
• Burning contributes to the long-term value and scarcity of VCNT, potentially driving price appreciation.

Burning Mechanism

ViciCoin (VCNT) employs a predefined burning schedule, designed to gradually reduce the total token supply. The burning process involves sending a portion of VCNT tokens to a designated "burn address," where they are permanently locked and inaccessible. This reduces the circulating supply of VCNT, contributing to its scarcity and potential value increase.

Frequency and Timing

VCNT burns occur on a quarterly basis, providing a regular and predictable burning cadence. The specific burn dates are announced in advance, allowing holders and investors to plan accordingly. The frequency of burns ensures a consistent reduction in token supply over time.

Permanent Removal

The burned VCNT tokens are permanently removed from circulation. Once sent to the burn address, they can no longer be accessed or used in any transactions. The permanent removal of tokens reduces the total token supply, increasing the scarcity of the remaining VCNT tokens.

Impact on Value

Burning contributes to the long-term value appreciation of VCNT. By reducing the token supply, the burn mechanism creates a supply-and-demand imbalance, which can drive up the price of the token. As the supply decreases and the demand remains or increases, the value of VCNT may rise.

Historical Burns and Upcoming Schedule

To date, ViciCoin has conducted several successful VCNT burns. The historical burning amounts and dates, along with the upcoming burn schedule, are as follows:

• Q1 2023: 100,000,000 VCNT burned on April 1, 2023
• Q2 2023: Burn scheduled for July 1, 2023
• Q3 2023: Burn scheduled for October 1, 2023
• Q4 2023: Burn scheduled for January 1, 2024

FAQs

How does burning VCNT affect the price?

Burning reduces the circulating supply, creating a supply-and-demand imbalance. As the supply decreases, the value of the remaining VCNT may increase.

How often are VCNT burns conducted?

VCNT burns occur quarterly, on a regular and predictable schedule.

Is the burn schedule transparent?

Yes, the burning schedule is pre-determined and announced in advance, providing holders and investors with full transparency.

How can I participate in the burning process?

You can participate by holding VCNT tokens. As a holder, a portion of your tokens will be automatically burned during each quarterly event.

What is the impact of burning on my VCNT balance?

Your VCNT balance will decrease proportionally during each burn. However, the decrease in supply may be offset by a potential increase in the value of the remaining tokens.