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.Of course, the incineration process will be reflected in the price positively. I would like to remind you that the price is determined depending on the number of supply of existing products in the market. To give an example, a token of billions will be processed at a price level of just as much as 0.0xx, but millions of products (crypto coins) can be easily traded at price levels like 0.xxx. If we look at the event with a straight logic, we can comfortably say that the price will increase when token burn. Of course, in the case of permanent burns, the price will not increase day by day, but if the trust of the investor is lost, the price will reach to the bottom.