BlackHole Protocol BLACK

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$ 0.00185452 -1.25%

BlackHole Protocol Price (BLACK)

BlackHole Protocol to USD Price Chart

What Is the Current Price of BlackHole Protocol (BLACK) Today?

The current price of BlackHole Protocol (BLACK) is $ 0.00185452.

What Is BlackHole Protocol (BLACK) and How Does It Work?

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.

Who Created BlackHole Protocol and What Was Their Motivation?

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.

What Makes BlackHole Protocol Different from Other Cryptocurrencies?

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.

How Many BLACK Tokens Are Currently in Circulation?

Currently, there are BLACK tokens in circulation.

How Has BlackHole Protocol's Price Changed Recently?

In the last 24 hours, the price of BlackHole Protocol has decreased by -1.25%.

Where Is the Best Place to Buy BlackHole Protocol (BLACK) Safely?

BlackHole Protocol (BLACK) can be purchased safely on any of the following Gate.io.

How Can I Securely Store My BlackHole Protocol?

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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