https://blog.eidoo.io/eidoo-destroy-edo-tokens/This is big news which is helping the project to get recover now it is into very good streak and price is going up. This is undervalued project I hope with this kind of news it will get more better position and we will see price will be on good level.
They're doing similar thing like Binance did with BNB, burning tokens! BNB price has risen so much over time, EDO price will increase a lot if it gets used widely.
Exactly, but with the difference that the use of BNB has only the advantage of saving on fees within the exchange.
The uses of Eidoo are instead multiple:
fee reduction in exchange, shareholdings on Icoengine, debit card, marketplace; for each of these is burned a% of the Edo used for that service .... just think of the only burning now obtained with a few Ico (and with little collection, given the unfavorable market moment) to think of all the potential still unexpressed that may have over time (Exchange and debit card very soon).