/biz/ - Business & Finance

/biz/raeli walks into /r/RequestNetwork Anonymous Fri Mar 30 15:26:22 2018 No.8651810 [View]
File: 47 KB, 872x578, REQplebbit.png [View same] [iqdb] [saucenao] [google]

Which one of you faggots is /u/GhostLeader95?

https://www.reddit.com/r/RequestNetwork/comments/88a2mv/burner_smart_contract_burning_away/

Some smart guy also clarifies how REQ tokens are actually burned in that thread:

>The tokens burnt are not from a supply owned by the foundation. They are primarily from Kyber, so initially belong to users trading on that exchange (technically they come from a reserve manager, no direct users to user trades on Kyber). So say you sell some REQ on Kyber for some ETH. You get ETH from a reserve manager in exchange for REQ. When the burning contract is called, it will buy REQ at market rate (Kyber buys from the cheapest reserve manager) then send these tokens to the burn address.

Also, remember that the lower the USD price of REQ is, the more tokens get burned. So keep FUDing /biz/ so that supply decreases faster and my thousands of tokens are worth more in the long run!

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