The largest EXM quarterly burn in history will take place tomorrow and EXMO Coin’s price hit its all-time high.
As described in the whitepaper, every quarter, EXMO goes through a process where it burns EXM from Premium Cashback sales.
How token burn event works:
Supply Decrease + Demand Increase = Price Growth
Recently EXMO Coin showed an impressive increase not only in its dollar value, but also in bitcoin. From the beginning of 2021, it increased from $0.0034 to its ATH of $0.089 — a 2500% increase in three months.
In terms of the EXM rate to BTC, at its maximum price, EXM could offer a 59% ROI from the IEO price. Since then, bitcoin itself has surged from $9,000 to over $58,000, which is over a 500% increase. The math shows that this year EXM made greater growth than BTC.
Moreover, in March, the EXMO Coin became the fastest-growing exchange token having added almost 1000% in price.