An incredible 30% token burn has seen Burn Kenny ($KENNY) become the biggest name on the lips of meme coin buyers across Web3 ahead of its ICO launch this week.
The newly launched Burn Kenny ($KENNY) has become one of the most talked about projects in the space as it follows in the footsteps of another South Park-themed token, Mr Hankey Coin.
Not only did $HANKEY sell out its presale in just 10 hours, it then went on to pump nearly 200% after reaching exchanges.
KENNY may well go one better and is shaping up to beat that record and sell out in even quicker time.
Excitement Grows Over Burn Potential
Token burns have long been an extremely effective method of increasing prices, sparking pumps and increasing the long-term health of a coin.
The likes of Shiba Inu, Cronos, and Luna Classic have all employed token burns that had hugely successful impacts on their projects, and Burn Kenny is the latest to employ a significant burn.
While LUNC, for example, has burned only 1% of its massive token supply, KENNY is set to burn 30% of its tokens.
Furthermore, that burn will take place over just three days – which could see incredible volume and interest as buyers rush to secure their tokens.
The total supply is 6,666,666,666 tokens, but 2 billion of those will be removed in 72 hours, with Burn Kenny to remove 10% per day for the first three days after launching on a decentralized exchange.
This could not only spark FOMO from other investors but also incentivizes holding – with buyers holding onto tokens for longer, knowing a price jump is possibly coming.
Discreet ICO Could Sell Out in Hours
Burn Kenny has followed in the footsteps of another shitcoin, Mr. Hankey Coin, to offer a discreet ICO launch that will bring several benefits to the project as a whole.
Expected on Thursday, July 20, the ICO is rumored to be starting at 6 pm CET – however, buyers
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Author: Felix Mollen