The Burning Wallet

Burning Wallet released!

The CREO ICO process now has its own burning strategy. We have optimized the CoinMap with another important ingredient and publicly linked the Burning Wallet. A certain portion of airdrops and $CREOS from the partner program will be excluded from the circulation and coin supply after the presale phase and transferred to the specially created wallet. This deflation and the reduction of CREO coins in circulation will increase the pressure on the price and reward all CREO coin holders. We have linked the Burning Wallet via Opensea profile
⭐  Public Burning Wallet

What is a Burning Wallet?

Initial Coin Offerings (ICOs) are a popular way for start-ups to raise funding by selling digital tokens to investors. One practice that is becoming increasingly important in many ICOs is "burning".

Burning involves making a certain number of tokens unusable from the total quantity in circulation. This can be done in various ways, e.g. by simply removing tokens from the supply, by invalidating them or by restricting them so that they can no longer be traded.

Burning tokens has several advantages for investors and companies. One of the most important benefits is that it increases the overall demand for the remaining tokens as there are fewer tokens in circulation. This can cause the value of the remaining tokens to increase, which is an attractive scenario for investors.

Another advantage of burning is that it allows companies to reduce their financing costs as they need to spend fewer tokens to obtain the same amount of capital. This can help companies to be successful in the longer term as they are not as dependent on the fluctuations of the cryptocurrency markets.

One disadvantage of burning can be that it can be disappointing for some investors if they hold tokens that are suddenly rendered unusable. It is therefore important that companies are transparent about their burning plans so that investors can inform themselves accordingly and make their decisions.

Overall, burning is a practice that is gaining traction in many ICOs and can benefit both investors and companies. However, it is important that companies are transparent about their burning plans so that investors can make their decisions