Cent Daily Digest (May 17, 2022) - How will the 100k CENT ($661UD) burned affect the CENT economy?

It's true that earlier today, @anadolu burned 100,000 CENT tokens as he reported in this post. You can confirm the transaction here.

That amount of $CENT burned is worth about $661 USD based on today's CENT price of $0.00661. This means that $661 worth of CENT has been pushed out circulation forever. At a pegged price of $0.1, that would have been $1000.

According to the report, the mount of CENT burned represents 5.2% of Cent tokens in circulation. Burning of tokens is understood in the cryptoverse as a way to improve the token value and lead to a price raise.

We understand that $CENT was designed to stay around the $1 pegged price. In case you missed the report post, let's share thoughts in the comments section of this post how you think the 100k tokens burnt would affect the CENT economy.

Do you think there would have been a better way to have utilized the tokens burnet?

Share your thoughts in the comments section. All related entries would earn a decent $CENT upvote.

This thread is to encourage engagement within the CENT community and to help spread CENT to many accounts.