Cysic updates on the cross-chain bridge security incident: plans to burn 7.2 million CYS by the end of October
I usually assess project news on three levels:
1) Substance: Is it actually being implemented, or is it just an announcement?
2) Token supply: Will there be any additional releases, and will the circulating supply increase?
3) Usage: Can active addresses keep up going forward?
$CYS Current price: 0.1148, 24h: -0.17%. This is somewhat positive, but it’s rare for all three boxes to be checked.
The hotter the news, the more important it is to see which way the money is flowing.
I usually assess project news on three levels:
1) Substance: Is it actually being implemented, or is it just an announcement?
2) Token supply: Will there be any additional releases, and will the circulating supply increase?
3) Usage: Can active addresses keep up going forward?
$CYS Current price: 0.1148, 24h: -0.17%. This is somewhat positive, but it’s rare for all three boxes to be checked.
The hotter the news, the more important it is to see which way the money is flowing.