Is the idea of burning coins new? Have you ever seen something similar in other projects?? Is it safe?
Idea actually isnt new, some projects done that already.
And it is safe if you keep coins in your own wallet when burn happens.
Thanks for your reply! I have a question though... What happens if you leave your tokens on one of the exchanges? And, if it is not the first case of burning coins, how did it go with others? Did the price increase after that? Thanks again!
Well leaving at exchange seems to be safe, however I prefer to make extra precautions.
Projects that burned their tokens - TRIG, IOP; preparing to do so - EMC2
Burn affected price in very positive manner, you can check it out by yourself