Post
Topic
Board Altcoin Discussion
Re: Is burning of unsold tokens is good for ICO????
by
FreakSau
on 19/07/2018, 03:24:53 UTC
Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject?Huh". 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.

Yes, after burning, the amount of supply token will decrease, it helps the price of token goes up.