W-Coin Listing: Token Burning If Player is Inactive for 3 Days

Bittime - W-Coin introduces a new feature called W-Burning before W-Coin listing and upcoming Token Generation Event (TGE).

What is the purpose of this feature? Read this article to find out more about this W-Burning feature!

W-Coin Listing: W-Burning Feature

With the W-Burning feature, inactive players for 3 days in a row will experience a reduction in the token balance. 

As much as 5% of $WCOIN balance aIt will be burned every day until the player is active again. This feature will last until W-Coin listing later.

This mechanism is considered an effective way to reduce the amount of token supply thereby supporting stability and potential increase in token prices before W-Coin listing.

Read Also: W-Coin Listing is Getting Closer, Staking Feature Officially Ends!

W-Coin Listing: Purpose of the W-Burning Feature  

This W-Burning feature change aims to provide a fairer token distribution and increase the token price before W-Coin listing.

This feature is designed to ensure only active players are eligible for a larger distribution of tokens. By eliminating inactive players, the opportunity for active players to get tokens will be greater.

Apart from that, this feature also aims to limit the total supply through token burning so that the token value will increase before W-Coin listing and TGE.

W-Coin Listing: W-Galaxy Service Users  

However, for users who subscribe to the service W-Galaxy, No need to worry because you will be excluded from this feature. 

By subscribing to the W-Galaxy service, your W-Coin balance will remain safe even if it is inactive for several days.

While for regular players, you must remain active and complete tasks and interact on the platform so as not to lose your token balance before W-Coin listing.

Read Also: W-Coin Announces $WCOIN Token Allocation, Listing Immediately!

FAQ W-Coin

What is W-Coin?

W-Coin is a Telegram game with a tap-to-earn concept. You can play games by tapping the screen and completing in-game tasks to get coins, which can later be exchanged for $WCOIN tokens after W-Coin listing.

When W-Coin Listing?

Previously, W-Coin announced that W-Coin was listing this December, but did not provide an exact date.  

What is the Pre Market Price of W-Coin?

Even though it has not announced a definite date for listing, currently W-Coin is available for pre-market on various crypto exchanges. The pre market price of W-Coin is quite varied, but is in the range of 0.003 to 0.004.  

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Reference

W-Community, W-Coin Community Official Telegram Channel, accessed November 28, 2024.

W-Coin, W-Coin Official X Account, accessed November 28, 2024.

Author: IPR