Dynamite (DYNMT) Price

Dynamite (DYNMT) is a social experiment that is open-source and community-based, focusing on learning and interaction with others. The platform's aim is not to provide any financial rewards or dividends to token holders. Furthermore, in any jurisdiction, tokens do not constitute securities.

According to the whitepaper, the objectives of the platform are:

• To maintain an active project that is supported by the public and could lead to potential academic studies.


• To collaborate with academic staff in this regard.


• To create the best results from the community and connect the experience to a more significant project.


• To address the issue of token velocity by introducing a 2 percent burn rate mechanism. This means removing tokens from supply to keep the token's price stable.

To support this social experiment, the platform introduced its token, DYNMT. DYNMT is a deflationary token that functions on the Ethereum protocol, using ERC-20 blockchain infrastructure. The deflationary nature means that the total supply decreases with every transaction. The DYNMT token smart contract burns 2 percent of the token per transaction, permanently removing them from circulation. The token also facilitates the community in developing use cases, reducing the DYNMT team's control over the token's value.

The Dynamite platform started on June 21, 2019, as a public service project with no profit motives or ICOs/IEOs. To raise funds for the project, the team conducted airdrops to introduce new members to DYNMT. The platform aims to make 540,000 tokens available to the public at no cost, with an initial supply of 900,000 DYNMT tokens in the Dynamite project.