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 think that the ICO project burns unsold tokens, which helps to maintain the value of the token, rather than flooding it, causing the price of the currency to plummet.". 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.In the RIPAEXA project in August, the team burned 5 million XPX tokens to ensure that the participating investors made a profit. Now the project is still in the crowdfunding stage.
https://tec.ripaex.io/