BullPerks’ Last Token Distribution to Private and Strategic Investors Will Be Followed By The Burn Of 3M Tokens

2022-4-21 07:20

After finalizing their last token distribution with private and strategic investors, BullPerks plans to burn 3 million $BLP tokens to celebrate an exciting new project phase.

After closing their final $BLP token distribution with private and strategic investors, BullPerks will burn 3 million of their tokens to celebrate a new phase of project development and support the token value growth.

A token burn is a strategic maneuver by projects to influence the value of their token in the market. It’s an act of sending cryptocurrency tokens to a wallet that has no access key. Without the private key, these tokens cannot be accessed by anyone and are lost forever.

One of the most beneficial aspects of a token burn is the ability to create token scarcity and in turn, result in a favorable increase in the value of the coin. This permanent removal of a selection of tokens from circulation creates greater demand and heightened value of the remaining tokens. In this case, the current investors of $BLP will now hold a larger stake, and the burn prevents the currency from over circulating. 

BullPerks is excited to announce this token burn in conjunction with their final token distribution to private and strategic investors. These two accomplishments benchmark a promising future for the project which has already seen incredible success since its launch achieving 7030% of average ATH ROI on all deals in April 2022. The token burn may potentially increase the value of $BLP token, strengthening a market position of decentralized VC and launchpad BullPerks and fostering even faster development of the project. 

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strategic investors bullperks tokens burn token private

Источник: blockchainnewstoday.com

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