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Why does Samecoin conduct wallet burns periodically

Samecoin.com. Learn how the Samecoin ecosystem ensures the value of its utility token as it continues to grow over time.<br><br>An ecosystem. A real one. Join Samecoin.com.

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Why does Samecoin conduct wallet burns periodically

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  1. Why Does Samecoin Conduct Token Burns Periodically? samecoin.com

  2. As part of the Samecoin ecosystem, the utility token, Samecoin ($SAME), offers tons of benefits to the average person. People just like you can enjoy staking bonuses, rewards, and reduced fees, especially when Samecoin is used in conjunction with the SamePay wallet app. The Samecoin protocol will keep introducing new SAME coins to the market in the shape of rewards until the maximum supply of 100 million SAME is reached. This makes token burns crucially important. samecoin.com

  3. Why token burns are important Samecoin Protocol needs a deflationary system to help ensure the price growth of the utility token. These deflationary methods help reduce the number of Samecoin in circulation. When used in conjunction with SamePay, Samecoin holders get increased benefits like staking rewards and reduced fees. This constant loop of rewards helps ensure the continued growth of Samecoin as an asset, but deflation is a crucial part of this. samecoin.com

  4. How Samecoin token burns work When Samecoin is used to pay for transaction fees on the SamePay app, half the fees go to a burn wallet while the other half go to the operators of SamePay. At least half the SAME tokens are burnt at regular intervals. Users of SamePay already get access to industry-leading fees. But when used with Samecoin as well, they'll get even further discounts and even lower fees. As the distribution of Samecoin increases, this is planned to transition to monthly burns to ensure the supply is kept at the right amount. samecoin.com

  5. Samecoin will also halve the rewards for staking and minting twice every year (every 6 months) to ensure it takes longer for Samecoin to reach maximum supply, again helping to guarantee future price growth. So for every transaction made through the SamePay app, users will pay a very generously low fee of only 0.5% in Samecoin. Half of that amount will be burned automatically at these intervals, while the other half goes to SamePay and may also be burned. Features of the SamePay platform and its integration with the Samecoin ecosystem are crucial aspects that set it apart from many other options in the crypto space, and they're why more and more people just like you are choosing Samecoin for their digital payment needs. samecoin.com

  6. Join An Ecosystem. A Real One. samecoin.com facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com

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