Every cryptocurrency that wants to succeed has one or several things that help it drive value. For several cryptos, like KuCoin Token (KCS), Binance Coin (BNB), and a new cryptocurrency, Rocketize (JATO), burning is a mechanism that helps them achieve coin market success.

Burning helps to regulate the amount of a particular crypto in circulation, helping to guard against inflation, drive demand, and increase price value. This guide discusses Rocketize (JATO), KuCoin (KCS), and Binance Coin (BNB), with a major focus on how their burning mechanisms will help them drive token value.

Buy Rocketize for a New Crypto Beginning

The Rocketize (JATO) project deviates from the typical meme coin culture, meaning the new cryptocurrency is a meme token with real-world utility. A decentralized finance (DeFi) token, Rocketize (JATO) seeks to enable users to fulfill their DeFi needs by facilitating their participation in peer-to-peer (P2P) asset trading.

As an open-source, community-driven cryptocurrency in the DeFi market, Rocketize (JATO) will function within the ecosystem’s NFT marketplace and cater to ecosystem governance, communications and marketing, bridges and swaps, and more.

One of the best things about Rocketize (JATO) is its burning mechanism coupled with deflationary properties. Rocketize (JATO) will feature token burns that will ensure a reduction in the number of Rocketize (JATO) tokens in circulation.

Although there will be a maximum supply of 1 trillion Rocketize (JATO) tokens, token burns will reduce the total supply by 50% after distribution. By burning excess tokens, the new cryptocurrency will enjoy an upsurge in demand, helping its price to skyrocket in the coin market.

Alongside its burning mechanism, Rocketize (JATO) has the potential to yield 100% gains via its reward and revenue sources. This will increase the value of users’ holdings through NFT trading, virtual reality (VR) games, and VR world experiences.

KuCoin Token – Amazing Crypto Gem Worth Buying Now

KuCoin Token (KCS) is an ERC-20 altcoin that allows users to draw value from its KuCoin exchange. KuCoin Token (KCS) boasts of being one of the coin market’s most adopted tokens, reportedly held by 1 out of 4 crypto holders worldwide.

As one of the largest cryptos by coin market cap, KuCoin (KCS) has a unique burning mechanism to ensure its initial 200 million total supply halves to 100 million. At the time of writing, KuCoin’s (KCS) team is buying back amounts of the token from the market and burning them every quarter.

Since KuCoin (KCS) token burns, its demand has improved significantly. The mechanism will benefit the altcoin when cryptocurrency prices explode once more in the future.

Binance Coin – Big Exchange-Based Crypto with Huge Potential

Binance Coin (BNB) is a very popular crypto and one of the coin market’s most adopted coins. Binance Coin (BNB) is a highly innovative altcoin driving value from its high utility, alongside its adoption and trading power.

Like Rocketize (JATO), Binance Coin (BNB) is a deflationary coin using a buy-back and burn model similar to KuCoin’s (KCS). Buy buying back amounts of Binance Coin (BNB) from holders and transferring them to a dead address, Binance Coin’s (BNB).

developers are eliminating the amount of Binance Coins (BNB) in circulation.

Binance Coin (BNB) burns will take place every quarter utilizing Binance Coin (BNB) reserves and operating profits. The process will continue until 100 million Binance Coins (BNB) are out of existence within the next 6 to 8 years. In 2021, so many Binance Coins (BNB) were burned, leading to a 7.16% coin deflation.

The result is a Binance Coin (BNB) more resistant to inflation and prone to high demand and price value increases. Per cryptocurrency prices predictions, Binance Coin (BNB) is likely to reach $1000 by 2025 and beyond $1750 by 2030.

Burning may not be the only way Rocketize (JATO), KuCoin (KCS), and Binance Coin (BNB) drive value, but it is integral to their success in the coin market. The mechanism has proven successful in helping KuCoin (KCS) and Binance Coin (BNB) rise in the crypto world. Undoubtedly, it will benefit Rocketize (JATO) in the long term. 

Rocketize Token (JATO)

Presale: https://rocketize.io/buy

Website: http://rocketize.io

Telegram: https://t.me/RocketizeTokenOfficial

While being defined as Legal persons by virtue of having juristic personality, companies in Nigeria are still not natural persons, which means that every single decision of a company must be made in such a way as to be easily confirmed as emanating from its Central nervous system , otherwise known as its board of directors.

Company resolutions will be the focus on this article, which will place a heavy emphasis on the topics of :-

– What company resolutions are.

– The legal framework governing company resolutions in Nigeria.

– The types of company resolutions under Nigerian law.

– When certain types of resolutions are required.

– When a company resolution can be deemed invalid.

What is a company resolution?

A company resolution is simply the authorization of any transaction or action of a company voted and agreed upon by its members and/or board of directors at a company meeting .

What are the components of the regulatory framework governing company resolutions in Nigeria?

Company resolutions in Nigeria are governed by the Companies and Allied Matters Act CAMA 2020 through the Corporate Affairs Commission CAC.

It should noted that certain types of company resolutions must be registered with the Corporate Affairs Commission.

What are the types of company resolutions available under Nigerian law?

A company resolution can be one of the following :-

– A special resolution :- This is a type of resolution that requires voting approval by 75% of the members of a company present in person or via proxy at a company meeting of which adequate notice was given by the Company’s secretary.

– An ordinary resolution :- These are resolutions that are not special resolutions which can be passed by a simple majority of the company’s members or board of directors.

– A written resolution :- This is a resolution given in private companies limited by shares and which is usually in writing signed by all members of a company entitled to vote.

What are the types of resolutions that must be registered with the Corporate Affairs Commission?

The following resolutions must be registered with the CAC :-

– Special resolutions

– Unanimous resolutions on issues requiring special resolutions

– Winding up resolutions of a company

– Unanimous resolutions in meetings of a class of shareholders

When exactly are special resolutions required?

Special resolutions are required under CAMA in the following cases :-

– Appointing a person over 70 years of age as the director in a public company

– Reduction of a company’s share capital

– The change of a company’s name

– The alteration of a company’s articles of association

– The winding up of a company

– The appointment of a company auditor who is a person other than a retiring auditor

– The alteration of the objects clause in the memorandum of a company

When is a company resolution deemed invalid?

A company resolution can be deemed invalid when :-

– It is not signed

– It was passed without the quorum vote required under CAMA

– It was passed by a director acting without any actual authorization form the company’s board of directors or members. This can be remedied by the board ratifying the act of a director after the fact

– It is an improper resolution or a resolution not passed in the proper manner as prescribed under CAMA, best exemplified by the act of passing an ordinary resolution for an act of the company that actually requires a special resolution.

What exactly is a company board quorum?

A quorum is the minimum required voting number for a resolution proposal to be successful, which is 2 directors.

Where the number of directors are above 6 in number, a quorum shall be 1/3rd of the number of directors and where the number of directors is not a multiple of 3 , a valid quorum will be 1/3rd to the nearest number.