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.
Burning of coins/tokens/cryptocurrencies does help in a way. Basically, burning cryptos will lessen the supply which in effect will increase the value of the remaining tokens. This is quite beneficial especially for investors. ". 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.You can check the link below for more info.
https://www.investinblockchain.com/why-burn-cryptocurrencies/