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.
Check the articles in the links below. These will give you a general concept on the effect of burning unsold tokens. Basically, the idea of burning tokens is good and very beneficial for investors and users/holders. You will know how and why in these links.". 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.https://www.forbes.com/sites/eidoo/2017/11/29/token-burning-and-other-crypto-jargon-simplified/#78c148e54c4b
https://ethereum.stackexchange.com/questions/34788/why-are-unsold-tokens-burned-after-ico