Burning HTX (convert to USD) explained

 In Uncategorized

Many users are asking about the process of burning and converting HTX to USD, first of all you must understand that this feature is only a good way to make some USD if you have lot of HTX, for example millions of HTX or by referring so many people so you can grow your HTX fast.

The best way to earn from HTX is to save the tokens or take them out to you ETH wallet, or sell them on one of the decentralized exchanges like tokenmom which supports HTX.

But we encourage burning HTX to help the economy, when you burn your tokens you basically delete them for a small USD reward, but in the other hand you help the economy by raising the value of HTX.

About your USD value on the dashboard
This usd value is the same amount you need if you were to buy HTX from the site, when you withdraw your HTX to your ETH wallet and think to sell it on Tokenmom, we encourage you to sell at this same price, do not sell HTX for too cheap and not too high, try to keep the value matching 0.008 usd per HTX in the respective currencies, this will allow our community to earn more from daily mining, if you keep selling your HTX for cheap price this price will go down for all the members, but the dashboard price is different than the Burn price, and the burn is not selling, its basically burning.

to learn more about burning tokens please read this nice article by cointelegraph

https://cointelegraph.com/explained/token-burning-explained

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Showing 7 comments
  • MARCOS MEJIAS
    MARCOS MEJIAS
    Reply

    I agree with you, but you must understand that 0.0000002 per HTX token is worse than exchanging it in TOKemon

    • Hashtrust
      Hashtrust
      Reply

      Exactly that’s why we are explaining the difference between burn and exchange, burn is burn.

  • MARCOS MEJIAS
    MARCOS MEJIAS
    Reply

    That is the point where I want to get, burn HTX tokens you should pay equal to or greater than the one used in the pokemon exchange

    • Hashtrust
      Hashtrust
      Reply

      No, burning tokens = 0, but we give some reward for it just because.
      Burning shouldn’t give any value to the user, it’s just there to burn tokens.

      if we ever make a convert feature that give high value to the user, we should have a source of income (for example selling tokens), but we give tokens for free, we don’t have such means of payment to give to users, just calculate.
      if we give each user 0.08 per token, we have more than 94 million HTX in user accounts, we are talking about $7,520,000 USD
      therefore people need to burn HTX for price to go up, we gave away too much free HTX, this is also why we lowered rewards, people maybe think this is bad, because they don’t think of the future, but we are doing the right thing to fix HTX and make it something big, we think about the future of anyone, not because one person don’t like it.
      regards

    • Afeez Olalekan
      Afeez Olalekan
      Reply

      I don’t get the burn and USD that’s on the dash board, better leave it on exchange and burn anything you want to burn, because it show some amount my token worth and after I click burn and withdraw it show nothing

  • Stijn Desmet
    Stijn Desmet
    Reply

    Thanks, because of this post about burning HTX-tokens, I now understand the concept of burning much better!

  • Sergei Maksimov
    Sergei Maksimov
    Reply

    Well, what about the withdrawal of tokens again? Already the minimum wage was raised to 50,000. Yesterday I applied for the withdrawal of 50,001 HTX so far have not arrived.

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