What are some alternative terms used in the cryptocurrency industry for the opposite of genesis?

3 answers

• Mountasser larbiAug 24, 2022 · 3 years ago
  The opposite of genesis in the cryptocurrency industry is often referred to as 'burn', 'destruction', or 'deflation'. These terms are used to describe the process of permanently removing coins from circulation, reducing the total supply. This can be done through various mechanisms, such as burning tokens or implementing deflationary mechanisms in the smart contract. It is important to note that the opposite of genesis does not necessarily mean the end of a cryptocurrency, but rather a reduction in its supply.
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• LovieHealy2Aug 21, 2023 · 2 years ago
  When it comes to the opposite of genesis in the cryptocurrency industry, you might come across terms like 'token burn', 'coin destruction', or 'supply reduction'. These terms are used to describe the intentional removal of coins from circulation, which can have an impact on the overall supply and potentially increase the value of the remaining coins. Token burns are often carried out by projects to create scarcity and incentivize holders to hold onto their coins.
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• Andrej KrsticFeb 24, 2024 · a year ago
  In the cryptocurrency industry, the opposite of genesis is sometimes referred to as 'token deflation' or 'coin deflation'. This refers to the intentional reduction of the total supply of a cryptocurrency. Token deflation can be achieved through various methods, such as burning tokens or implementing deflationary mechanisms in the smart contract. By reducing the supply, the value of the remaining tokens may increase, creating potential benefits for holders and investors.
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