Market Rank | ? |
---|---|
Market Cap | ? |
Volume 24h | $ 29.6 |
Circ. Supply | ? |
Total Supply | 100.0M |
Max Supply | ? |
The current price of BlackHole Protocol (BLACK) is $ 0.00101304.
BlackHole Protocol (BLACK) is a blockchain-based, autonomous and decentralized deflation protocol. The central idea is to induce a strong deflationary process through cross-chain burning mechanisms. For any cross-chain compatible token, by applying BlackHole Protocol's open burning mechanism, anyone can create a new token at will.
Unfortunately, the specific individuals or entities who created the BlackHole Protocol are not specified in the provided data. Regardless, their motivation appears to be the creation of a mechanism for encouraging deflation in cryptocurrency markets with an open and decentralized approach.
BlackHole Protocol's distinguishing feature is its novel deflation mechanism, as it allows anyone to burn a cross-chain compatible token and create a new token in the process. This ability to induce deflation through decentralization sets it apart from other cryptocurrencies.
Currently, there are BLACK tokens in circulation.
In the last 24 hours, the price of BlackHole Protocol has decreased by -4.21%.
BlackHole Protocol (BLACK) can be purchased safely on any of the following Gate.io.
To securely store your BlackHole Protocol (BLACK), you can use any wallet that supports ERC-20 tokens, as BLACK is an ERC-20 token. Always ensure to use trusted wallets and keep your private keys safe and secure.
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