Re: Is burning of unsold tokens is good for ICO????

My question is very simple " Is burning of token really helps ptoject? Huh

Yes, it makes the supply lesser to enforce the demand higher.

Quote from: Saint1990 on July 18, 2018, 10:44:36 AM

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.

TRX is a 65.7-billion token in terms of quantity. We can't expect its price to rise up to 1$ each at this early because it would make it next to bitcoin in terms of its marketcap, which is not so logical. How can you say BNB is not growing? Compared to their first released price on exchanges, TRX and BNB are way above, even at this moment when market is still considered down.