Post
Topic
Board Tokens (Altcoins)
Re: 🌏🌏🌏 VestChain — Next Generation Blockchain Platform 🌏🌏🌏
by
BonBuason
on 31/08/2018, 19:30:09 UTC
Does the team plan to burn its coins in the future when the project's token is added to the exchange?

Many teams after the official launch of their product burn some percentage of their tokens. Then the price of their coins rises significantly. And all investors receive additional profit.
That's right, the team must burn the remaining coins, so do all who want to raise the price of coins.
Active marketing and coin promotion. For growth, it is important that more people learn about the coin, and this directly depends on PR in media resources.
When burning, the cost of the remaining coins increases. The growth of the rate is an important event for any digital currency.

Burning coins will only have a short-term effect on price growth, but advancing the project will not help much if the team does not use advertising.
Yes, this is the only way to maintain stability and eliminate the fall in the value of coins.
If you do not limit the number of coins created, their value will eventually fall, and the system will become unstable.
Such a phenomenon as the burning of coins, is an integral part of any digital currency and requires attention.
Intentional destruction of currency is relevant for developers and owners of a particular crypto currency.