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.
Yes burning of tokens really help in the price of the coin. It decreases the supply and at the same time the price will increase because of the decreasing on price. Selling the tokens on the exchange is not an answer, there are so many sellers or dumpers who wants to sell their coins so the best thing you can do is to counterpart, you must support the buy orders. ". 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.