Scarcity within the global market can make a commodity gain more value and the same principle applies in the cryptocurrency ecosystem. Cryptocurrency exhibits deflationary characteristics unlike the fiat cash. In theory, when the total supply of coin in circulation is reduced, it's value will promptly increase because scarcity of the coin offers chances for price increament.
You might be wondering how is cryptocurrency circulating supply reduced?
The simple answer to the above question lies in Coin burning. This refers to the irreversible elimination of a coin or token percentage from circulation by burning mechanism. The procedure inadvertently reduces the total supply in circulation and it is achieved by transferring a proportion of the token or coin to a public black hole address which cannot be recovered or used because the blockchain has recognized or tagged it disposed. Several cryptocurrency projects have become successful by utilizing the methodology of coin burn, because in normal circumstances, the total supply of most cryptocurrencies is fixed, therefore adhering to the law of demand, initiating coin burn causes a limited supply availability to satisfy the intense demand for such coin or token which creates possibility for price of coin to surge.
Yusra Global, a payment platform developed based on blockchain also implements the use of deflation mechanism in it's operation to ensure the Yusra cryptocurrency economic control. The deflation mechanism applied in Yusra Global ecosystem is called "HALVING". Unlike the coin burn utilized by most cryptocurrency projects, halving (halfing) is initiated when additional amount of 1,000,000 coins is generated by mining activities via the Yusra Proof of Work consensus mechanism. Halving decreases the issued total supply by 10% ensuring that a limited supply of Yusra coins is available to the market.
The Yusra Global Halving method provides similar benefits as the coin burn because it can function as defensive mechanism to mitigate spam transactions and protect against DDos attacks. Implementing halving also guarantees and strengthens the project's development while securing the certitude of investors, traders and users of the Yusra Global ecosystem because the market is functioning at a stable rate and fair to all. Yusra Global also developed another interesting mechanism called "GROWING", which functions to indemnify for the halving procedure and assures that value of Yusra coin grows steadily at an 11.1% rate, which is appealing enough to attract investors, businesses and firms, expanding the Yusra Global payment ecosystem to a prestigious level.
Yusra Global also developed their own web wallet to allow users manage different types of cryptocurrencies, recieve income via Proof of Stake mining and store them securely. The wallet grants users instant cryptocurrency transactions services while availability of advanced security mechanism guarantees protection of funds from theft and hacks.
Wallet: https://app.yusra.global/
The Ysura coin is available for trading on the waves decentralized exchange (Waves Dex). You can register on the platform via this link : https://dex.wavesplatform.com/ , then secure your private keys.
Login and click the Dex tab which takes you to the Dex market, then, you can locate the Yusra coin and listed trade pairs. Scroll down and place your Buy or Sell order with simplicity.
In conclusion, coin burn and halving bear different names and procedures, but the fact remains that they provide similar advantages to any project utilizing them.
Yusra Global guarantees that users can invest, mine and recieve valuable Yusra coins, which will not depreciate in market value due to the implementation of unique halving and growing mechanism within the ecosystem. You can register and pay low commissions to receive the best services from Yusra Global , simplicity in asset management and incentivization is assured.
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Get more information about the project by using the links below ;
Website: https://yusra.global
Wallet : http://app.yusra.global
Twitter: https://twitter.com/YusraGlobal
Instagram: https://www.instagram.com/yusra.global
VK: https://vk.com/yusra.global.blockchain
Telegram: https://t.me/YUSRAGLOBAL
Medium: https://medium.com/@YusraGlobal
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary