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.Burning of unsold tokens will help generate the price of the token to a higher value because the total supply for it was lessen and so the demand will rise. Although some will say that instead of burning, why not give to the investors. But for me. burning is the right way to do by those in ICO.