Post
Topic
Board Altcoin Discussion
Re: Is burning of unsold tokens is good for ICO????
by
Sab11
on 11/10/2018, 11:23:13 UTC
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?Huh". 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 instead the team sell it in exchanger better to burn it, burning the unsold token will help the team to make the project become better because the lesser supply the higher demand, so the price will increase, so the team will get a fund to sustain in the project.