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.Well it really depends on the project that the ICO is developing. Yes it is true that burning coins can lad to a more expensive coin because of less supply. But if you really plan to utilize those coins in the future, you should think that you will need enough coins. So whatever the value for now, it could still rise up if it is utilize to full potential even without burning.