Crypto Ahmet
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😱🔥🔥RACA project burns 6,000,000,000 RACA worth 1,000,000 USDT
The #RACA cryptocurrency, formerly known as Radio Caca, surprised the digital asset market by gaining more than 18% in the last 24 hours this Tuesday (24).
The RACA cryptocurrency, formerly known as Radio Caca, surprised the digital asset market by gaining more than 18% in the last 24 hours this Tuesday (24). The reason behind this appreciation was a significant token burn, which eliminated 6 billion units from the total supply of the coin, an action funded by the project team and valued at $1 million.
A strategy widely used in the cryptocurrency world, token burning aims to create a deflationary effect by dividing its circulating supply from its asset. As the available amount decreases, demand for the token increases and its value increases. In the case of RACA, the action was well received by the community and resulted in a significant increase in interest.
In a post on X (formerly Twitter), the RACA team announced that the burning is part of a broader strategy to add value to token holders and gain economics for the altcoin ecosystem. “We burned 1,000,000 USDT 6,000,000,000 $RACA. This time it’s not just about burning; it’s about so much more than just the flames,” the team said, suggesting that more news is ahead.
RACA History RACA gained during the 2020-21 crypto market bull run when it gained over 20,000%. The success was driven by the launch of the pay-to-win game Metamon and the USM metadatabase, as well as collaborations with the likes of Elon Musk’s mother Maye Musk, who launched an NFT collection through the project.
However, after the peak, the cryptocurrency went through a period of silence without major market movements. Despite the advances and growth in Web3, RACA saw several significant increases in value until the last token close.
‘Extraordinary Potential’ Campaigns Launched with Investable, BTC Options The announcement of the token burn excited RACA, who responded positively to the news. The official post received over 300 comments, most of which praised the decision. Many users emphasized that the burn was extended as a move to expand the project, with the burn continuing for two years.
https://x.com/RACA_3/status/1838418961739976801?t=doTQTCc1WuL0Nf6SrpEeVA&s=19
https://linktr.ee/raca3
#BTCReboundsAfterFOMC #altcoins #binance #BTCReboundsAfterFOMC
The RACA cryptocurrency, formerly known as Radio Caca, surprised the digital asset market by gaining more than 18% in the last 24 hours this Tuesday (24). The reason behind this appreciation was a significant token burn, which eliminated 6 billion units from the total supply of the coin, an action funded by the project team and valued at $1 million.
A strategy widely used in the cryptocurrency world, token burning aims to create a deflationary effect by dividing its circulating supply from its asset. As the available amount decreases, demand for the token increases and its value increases. In the case of RACA, the action was well received by the community and resulted in a significant increase in interest.
In a post on X (formerly Twitter), the RACA team announced that the burning is part of a broader strategy to add value to token holders and gain economics for the altcoin ecosystem. “We burned 1,000,000 USDT 6,000,000,000 $RACA. This time it’s not just about burning; it’s about so much more than just the flames,” the team said, suggesting that more news is ahead.
RACA History RACA gained during the 2020-21 crypto market bull run when it gained over 20,000%. The success was driven by the launch of the pay-to-win game Metamon and the USM metadatabase, as well as collaborations with the likes of Elon Musk’s mother Maye Musk, who launched an NFT collection through the project.
However, after the peak, the cryptocurrency went through a period of silence without major market movements. Despite the advances and growth in Web3, RACA saw several significant increases in value until the last token close.
‘Extraordinary Potential’ Campaigns Launched with Investable, BTC Options The announcement of the token burn excited RACA, who responded positively to the news. The official post received over 300 comments, most of which praised the decision. Many users emphasized that the burn was extended as a move to expand the project, with the burn continuing for two years.
https://x.com/RACA_3/status/1838418961739976801?t=doTQTCc1WuL0Nf6SrpEeVA&s=19
https://linktr.ee/raca3
#BTCReboundsAfterFOMC #altcoins #binance #BTCReboundsAfterFOMC
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