Post
Topic
Board Altcoin Discussion
Re: Is burning of unsold tokens is good for ICO????
by
Saint1990
on 19/07/2018, 02:39:37 UTC
My question is very simple " Is burning of token really helps ptoject?Huh".
Yes, it makes the supply lesser to enforce the demand higher.
I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.
Apply the law of supply and demand so if you think that doesn't help the project, it's your opinion and everyone has their own points too.
Thanks for your suggestions but tron burned 1BILLION tokens that doesn't help it's price to grow. Also the binance burns it's native token BNB that also doesn't show it's price growing. We can say these are already successful projects. I want to know more about NEW ICO projects. The above things applies to new projects too but the team of the project should be honest and no body shows honesty in cryptocurrency world's. As these unburned tokens can be dumped by the ICO project management too.