Charles Hoskinson responded against a person who wants the Cardano project team to burn ADA tokens.
Charles Hoskinson is the Chief executive officer of IOHK, a developer team behind Cardano blockchain. Hoskinson is also one of the co-founders of the Ethereum blockchain but he is no longer in the Ethereum project. IOHK believes to bring real development works instead of following hype & promotional strategies, to push the real adoption of the Cardano blockchain.
Recently Charles Hoskinson again responded against the people who are willing to see the burn of ADA token supply and suggested contributing to the ADA token burn initiative from their own wallets. Hoskinson also said that ADA is a community wealth & we can’t destroy it.
For anyone looking to burn #ADA
Follow the instructions and do exactly as this man says #Cardano $ADA #CardanoCommunity pic.twitter.com/BuYaxHPK1y— Darren N
(@CryptoIRELAND1) September 1, 2022
(@CryptoIRELAND1)
In response, a crypto trader claimed that Hoskinson’s opinion is not correct exactly because burning ADA tokens doesn’t mean to destroy community wealth, instead it will increase the wealth of the rest of ADA token holders.
The astonishing power of ignorance is revealed when someone as intelligent as Charles Hoskinson believes burning coins is destroying someone's property. The analogy isn't even correct; it's more like destroying part property to make the rest more valuable than original.#Cardano
— PerAsperaVinco
(@PerAsperaVinco)
Further, Hoskinson responded to these facts and said that burning ADA tokens is not easy because all the ADA tokens are in the hands of actual people and burning ADA means we have to take ADA from people and then burn it, which is not possible.
Another ADA lover asked the Cardano founder how other crypto projects are doing. Then Cardano explained that in other crypto projects founders control the price of crypto tokens under low liquidity and it helps them to easily burn the tokens, which is not the case for Cardano.
Read also: Two Ukraine’s Tech Retail Companies Accepting Bitcoin
Hoskinson says Low liquidity allows Crypto founders to manipulate price & Burn tokens
https://bitcoinik.com/hoskinson-says-low-liquidity-allows-crypto-founders-to-manipulate-price-burn-tokens/feed/
https://bitcoinik.com/hoskinson-says-low-liquidity-allows-crypto-founders-to-manipulate-price-burn-tokens/feed/
🚀🚀Get ready for the biggest ICO of 2022.
✅ICO Round 1 & 2 are Sold Out
✅ICO= Initial Coin Offering. Where you can purchase tokens at base price.
✅ICO has different rounds with different price.
✅Round-1 price: $0.0005 (Sold Out)
✅Round-2 price: $0.001 (Sold Out)
✅Round-3 price: $0.002
✅Round-4 price: $0.004
✅Round-5 price: $0.008
👉ICO will be finished on September 15, 2022.
👉Trading will start after ICO completion.
🚀🚀EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)🚀🚀
👩🏻💻For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://koinswap.io/register?referralcode=CFxqfP
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
👇👇👇👇👇👇
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
