Investors are expressing concern over the high burn rate of Shiba Inu (SHIB) and Terra Classic (TERA) tokens, as the TMS Network raises more than $3 million in its presale.
The burn rate of these tokens, which are popular among cryptocurrency investors, has become a source of consternation for many, with investors fearing that the high rate could have a detrimental impact on the tokens’ long-term value.
The TMS Network, a decentralized finance (DeFi) platform, announced the successful close of its presale on April 15, raising more than $3 million from investors. The platform is designed to facilitate the creation and trading of digital assets, with a focus on security and transparency.
The network is powered by two tokens: SHIB, a meme-inspired cryptocurrency, and TERA, a stablecoin. Both tokens have been the subject of intense investor interest in the weeks leading up to the presale.
However, investors’ enthusiasm has been tempered by the high burn rate of the two tokens. SHIB has a burn rate of 25%, while TERA has a burn rate of 40%. This means that 25% of all SHIB tokens and 40% of all TERA tokens are burned every time they are transferred.
The high burn rate has raised concerns among investors that the tokens’ value could be significantly diminished over time. This could have a negative impact on the value of the tokens and, ultimately, on the success of the TMS Network.
In a statement, the TMS Network acknowledged the concerns of investors and said that it is working to address the issue. It noted that the burn rate is designed to be an incentive for investors to hold onto their tokens, as opposed to selling them. In addition, the network said it is exploring ways to “reduce the rate of burning to ensure that the tokens remain valuable for the long-term.”
Investors will be watching closely to see if the TMS Network can address their concerns and ensure the long-term viability of the tokens.
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