Details about Dynamite cryptocurrency
Dynamite
DYNMT
1+ (click to see list)
Ethash
15
€77,907
900,000
2.998
Unknown
http://dynamitetoken.io/
@ddynmt
341832000x
€1304400
Dynamite price charts
DYNMT exchanges
Dynamite, the crypto
Dynamite (DYNMT) is a cryptocurrency based on the Binance Smart Chain (BSC) that was launched in May 2021. It aims to offer a deflationary mechanism to its holders by using a buyback-and-burn strategy. This means that a portion of the tokens used in transactions are automatically burned, reducing the overall token supply and increasing the value of each remaining token.
The point
The main point of Dynamite (DYNMT) is to provide its holders with a deflationary asset that can potentially increase in value due to the buyback-and-burn strategy. Additionally, it aims to create a community-driven platform that allows holders to participate in governance decisions and propose changes to the tokenomics.
The problem
Dynamite (DYNMT) tries to solve the problem of inflation and decreased value over time that many cryptocurrencies face due to an increasing token supply. By using the buyback-and-burn strategy, it aims to reduce the token supply and increase the value of each remaining token, creating a deflationary mechanism that can potentially benefit its holders.
Compare DYNMT and BTC performance
| Timeframe | DYNMT | BTC |
|---|---|---|
| 1h change | 0.700482 % | -0.0939119 % |
| 24h change | 35.72 % | -0.776944 % |
| 7 day change | 40.67 % | -0.423738 % |
| 14 day change | 45.15 % | -5.27242 % |
| 30 day change | -3.25 % | -7.24073 % |
| 200 day change | 98.05 % | 128.555 % |
| Year change | 182.82 % | 132.267 % |