Post
Topic
Board Beginners & Help
Re: Why lot of Ico was burning the unsold tokens what that means?
by
muhammedayo1
on 03/10/2018, 12:36:29 UTC
It's quite straightforward ,it's a marketing plan employed by the devs to create an artificial scarcity.

If a coins supply is reduced by burning some tokens, there's reduction in the supply which creates scarcity , the advantage of this is that it will drive the price up.