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Ekart Inu to support new investors till 4th October unsold tokens to be burnt after presale

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The token sale (PRESALE) of the EKARTINU has been extended until 4TH OCT 2021. The reasons for this are: Several investors declared their intention to participate in the project via the PRESALE and the unsold tokens will be burnt after the presale is closed. We believe this decision will have a good effect on EKARTINU ecosystem in the future.

This creates a positive approach for new participants to join up with major investors and receive greater returns once trade opens. During the presale the price of the tokens is minimal. Those investors who believed in the project in its earliest stages will receive a 2% additional bonus on their previous orders as an effective justification for the extension of the token sale.

The presale began with a total token count of 1000,000,000,000,000 EKART from this supply already 80% of the tokens burned, 2% to Vitalik Buterin as a donation to help in the fight against Covid-19.and the sale started distributing the remaining tokens on each sale. after the presale completion, we are left with  21105447260357

EKARTINU tokens in 0xfC581328c0a5fB01eaE3dAcD05669a26fB37CC64, so we are transferring the remaining Ekart Inu Tokens to Distribute account : 0x3a20277244fB8d91CEb6491C6Ac7Cb61050FC86f , out of this we are distributing 2% tokens as an additional bonus to all the presale participated holders & 5% tokens as a referral bonus.

After the presale is completed the remaining unsold tokens from this address will be burned. The act of burning effectively removes tokens from the available supply, increasing its relative scarcity.

Ekart Inu is officially listed in Bitforex, XT, Probit Exchanges. According to the sources, Ekart Inu is all set to come into the market in the first week of October. Bitforex Exchange said in a Tweet that it is like the biggest and most valuable token ever in 2021 of all Inu’s and definitely gives you amazing returns. 

Initially, the coin came as a token and successfully reached many investors and as a result, now it will come as a coin that is going to be listed on October 5, 2021. Users can trade the Ekart Inu at Bitforex, Probit , Coinsbit, Azbit, Indoex, p2pb2b,, Pancakeswap,1inch,Quickswap . After the presale is closed, the trade will be live. 

What is token burn?

Token burn is basically done to create a supply crunch, thereby creating an artificial upward pull for the token price. Token burn is a process where the miners and developers remove the tokens from circulation.

In other words, token burn is a process of destroying the token so that it is not available for further use (trading or otherwise). The developers and miners will send the tokens to the specialized addresses whose private keys are not accessible.

Each cryptocurrency network defines a protocol for accomplishing the burn but it amounts to associating the tokens in circulation with unobtainable private keys so nobody can claim them to be theirs. Additionally, the event of a Token burn itself is recorded in the ledger books so the burn is foolproof.

The primary objective of token burn is to regulate the supply and thereby stabilize the price.  As a result, the price of the token will increase (at least theoretically it should). Even so, till such a saturation point is reached, the crypto promoters reckon the Token burn is a good way to boost the value of cryptocurrencies.

What is the need to burn a token?

Token burns directly affect the dynamics of supply and demand. The most notable objective is to create a deflationary effect. By reducing the overall number of tokens in circulation, these events make tokens scarce and boost the crypto currency’s valuation.

“It drives the token price higher. It makes existing investors pretty happy as the value of their investments move skywards.”

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Disclaimer: This is a paid post and should not be treated as news/advice.


With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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