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{"id":9404,"date":"2024-04-26T08:30:31","date_gmt":"2024-04-26T08:30:31","guid":{"rendered":"https:\/\/seoulchronicle.com\/rrocket-burns-50-of-its-supply-to-fuel-growth-and-investor-confidence\/"},"modified":"2024-04-26T08:30:31","modified_gmt":"2024-04-26T08:30:31","slug":"rrocket-burns-50-of-its-supply-to-fuel-growth-and-investor-confidence","status":"publish","type":"post","link":"https:\/\/seoulchronicle.com\/rrocket-burns-50-of-its-supply-to-fuel-growth-and-investor-confidence\/","title":{"rendered":"RROCKET Burns 50% of Its Supply to Fuel Growth and Investor Confidence"},"content":{"rendered":"
\n
\n

Madrid, Spain, 26th April 2024, ZEX PR WIRE<\/a>,<\/strong> The team behind the <\/span>RROCKET<\/span><\/a> project has announced the burning of 50% of its token supply. This is part of the project\u2019s comprehensive development campaign, which includes listing the token on major exchanges and more milestones.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

The immediate goal is to achieve a $1 million market capitalization and continue with weekly token supply burns. RROCKET also introduces security measures for investor protection and a unique initiative to incentivize participation in the token supply burn.\u00a0<\/span><\/p>\n

The Importance of Burning Tokens and a Look at Future Plans<\/b><\/p>\n

RROCKET\u2019s choice to burn half of its overall supply of tokens is a move to introduce deflation into the ecosystem. In simple terms, burning tokens decreases the circulating supply, which can increase token value.\u00a0<\/span><\/p>\n

With a total supply of 100 billion tokens reduced to 50 billion, the team\u2019s major burning operation is a great step to boost the project\u2019s value. The project has no taxes, and the team has fully renounced the contract, ensuring transparency and security for its users.\u00a0<\/span><\/p>\n

Burning a significant part of the token supply is one of the many milestones in the team\u2019s roadmap. This development plan includes four stages:<\/span><\/p>\n