I have named this asset as the fire token. Electron is one of the fruits and results that the Atomicals network has forged along with Neutron, Quark or Atom. The growth that Bitcoin is having feeds the chain and attracts new investors. The most speculators are rubbing their hands with this type of tokens and now I want to comment on the fundamentals of Electron, why we bought it and what is expected from it.
The Electron token has a feature today not seen before. The programmers have implemented an automatic burning system that corresponds to 3% per month of the total supply in circulation. All tokens are minted and available to the public. At the time of writing, almost 7% of Electron tokens have already been burned. It came to the market with a billion supply, now we find it at 900 million.
This burn system, where all tokens go to a dead wallet and are removed from circulation, accelerates and favors price growth in the future.
This burn can be enhanced even further with the purchase of each batch of Electron. The buy-sell ratio of the tokens is 1:1 with respect to satoshi. For each satohis, one Electron is sold. If the transaction involves a lot of 1000 Electron for 2000 satoshis, the buyer receives 1000 tokens, the seller 2000 satoshis and the burn wallet an additional 1000 Electron.
This only affects decentralized purchases. If you buy it through an Exchange you do not collaborate with the burning of the token.
Right now you can buy it through the BingX exchange. They do not ask you for KYC to buy and operate in it.
Of course, you assume the risk that this investment entails. This token has good fundamentals and a lot of promise. This mathematically does not represent an appreciation. Therefore, there are factors that you cannot control and that you may not have evaluated. Among them marketing, visibility, listing on important exchanges, etc. You run the risk of your amount becoming a trifle. We can also consider a more optimistic scenario and contemplate the price of Electron close to the dollar at the end of this year where the flaring will have already reduced the supply by more than 30%.
Good luck
