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 can be good for the coin but it depends on how you look at it because if you are burning the unsold tokens then that means that you are taking out a pretty good amount of the coins out of circulation which means less people have the opportunity to have the coin. It can also be good because less volume would mean more scarcity and better prices". 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.