Why burning unsold tokens during the ico? wouldn't that be counterprogressive? I mean, what's wrong in holding stuff that isn't been sold?
Burning tokens will help pumping its price. When burning it, supply will be limited and once limited price of each token will be more valuable. Price will go higher, sorry to dumpers happy for holders.
I see, so that is the reason why new icos burns their unsold tokens. So how will we know if they really burn the unsold tokens? Is there a possibility that some of them is transfered to some accounts?