Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] Bittwatt - Energy for the 21st Century [@Bountyhive.io]
by
Gunny95
on 17/05/2018, 09:51:57 UTC
Burning of unsold token is definitely a good step to increasing the value of the project, cutting circulation is super solid plan and I look forward to seeing it work

This is always the case, reducing the available supply, is always a positive return for the project, it also has better trust by cutting the idle assets from the chain reassures customers that unsold tokens don't get used for other things down the line. Thats why theirs always a push for ICO's to confirm they will burn tokens before the exchange listings

In fact this process is pretty natural. Total supply of the project is the money people spent during ICO. If there are tokens that haven't been sold then these tokens cost nothing. So they must be burned not to dump the price of the remaining.

Do you guys really think there will be unsold bittwatt tokens? I think all tokens will be sold soon and we don't have to worry about it.

with 9 days left and the status bar almost closing i don't think there would be any token available for burning however i can't find information on total supply and intending circulating supply, kindly help out thank you

If no token is available for burning. it's mean the hardcap is reached. right?
this project is good enough. Many of people are interested to join of the project.

If there are any unsold tokens and the project has stated that unsold tokens will be burned, yes it means there are no unsold tokens if hard-cap is reached, which is in itself a nice achievement