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?
". 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.
". 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.A number of tokens that aren't produced will usually fight inflationary flows. And along with this the developers apply the burning process to each of its transactions. This thing was done to prevent the existence of spam transactions and in practice will not only prevent attacks but will also reduce the number of tokens. With the existence reduction in the number of tokens surely it can trigger a stable demand therefore the token price will certainly increase.