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. 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.

Dishonesty can make project worthless, any team do not want it to happen so if they promise to burn the token, they should send it to their burning address. I have no idea which new project who promise to burn unsold tokens but I think if they are true to what they are saying, they will honor their words. Burning is better than creating more coins out of thin air