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?
All investors want unsold tokens to be burned, Because if they do not do that, the investor will be afraid that the team will sell those remaining amounts on the trading platforms, in another word, will dump the price.
This is accurate. The main reason developers burn unsold tokens is to make sure that the developers wont simply dump the coins to trsding sites which will make the coins less valuable.