It is a decentralized DEP20 token built on the BNB Chain network with a tax-free smart contract that aids in the growth of the token and makes it a store of value, this enhances the confidence of investors and makes the token twenty22 purely of interest to many investors, and this leads to the inclusion of the token on all giant exchanges such as the Binance platform.
It will also be related to the development of games, as it will make a big difference to the concept of games that the Twenty22 team is developing to be available soon.
What is blockchain?
A blockchain is a ledger securely replicated across many machines. By distributing the same ledger across hundreds or thousands of machines, blockchains are more resilient to downtime events like power outages, hardware faults, natural disasters, and geopolitical censorship. To form consensus, these machines regularly collaborate to determine which sets of new transactions (“blocks”) are valid. These blocks of transactions link together to form a blockchain.
This technology enables the development of permissionless decentralized applications. In other words, blockchains allow the creation of a new kind of digital application that do not require a central coordinator to operate. Think electronic money without central banks, digital asset trading without centrally-operated stock exchanges, or social network platforms without central administrators.
Who are the founders of Twenty22?
Because of the unclear legislation of token industry, Twenty22 team is currently anonymous. At some point this will change.
How many Tokens are there?
MaxSupply of twenty22 tokens 2022000 only 5% have been minted, equivalent to 101100 of the maxsuplly all it will be minted as needed when liquidity is added to the exchanges or when there are potential partners.
Why on BNB Chain ?
Twenty22 was based on BNB Chain for ease and transparency of transactions and to ensure low cost and high speed.
What is coin burning ?
It is the process of removing tokens from circulation and sending them to an address that cannot be accessed even by developers, in other words to an address zero.
What is the need of burning coins?
Burning coins decreases supply and increases
demand which results in a notable boost in the
token’s value ,for example:
includes the co-founder of
Ethereum , Vitalik Buterin , who burned 40%
of shiba Token which resulted in multiplying its
price more than a thousand time.
What is coin burning impact on
investors?
Twenty22 holders will benefit from the boost
of prices because of coin burning which instils
the confidence among the investors as it
serves as a mechanism to reduce supply
and push the price up.
