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.
It is good as burning of the coins help to reduce the volume of the coins being circulated. With less volume, there is a higher chance of the price of the coin to go up quicker which makes it a win win for everyone. Also with burning of the coins you can be sure that the coins are gone and they do not belong to anyone just because they were not sold". 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.