Imposing zero taxes on the coin means that transactions involving this cryptocurrency are not subject to any form of taxation, whether it be capital gains tax, transaction fees, or any other tax-related charges. This policy is designed to encourage more users to engage with and invest in the coin by removing financial barriers associated with tax obligations. It aims to foster a more attractive and accessible environment for both existing and potential investors in the cryptocurrency market.
Burning liquidity in the context of a cryptocurrency means permanently removing a portion of the coin's liquidity from circulation, typically by sending it to a dead or inaccessible wallet. This action reduces the total supply, potentially increasing the scarcity and value of the coin, and demonstrates a commitment to the coin's long-term stability and value. By reducing the available supply in this way, the project aims to enhance investor confidence and ensure the safety of the coin by discouraging large-scale sell-offs and market manipulation.
Revokking the ability to mint new tokens means that the creation of additional coins is permanently halted, ensuring the total supply remains fixed. This decision can stabilize the coin's value over time by preventing inflation, which often occurs when too many tokens flood the market. By locking the total supply, the project aims to foster trust among investors, as they can be confident that their holdings won't be diluted by the introduction of new tokens.
