Post
Topic
Board Altcoin Discussion
Re: Token burn
by
mmo4me.2016
on 19/10/2018, 04:54:18 UTC
Hi guys, I noticed some projects use to burn their token after ICO or after listed on exchanges.
For Example. I got the news on No Bs CRYPTO (Nobs) burning their 75% of the total supply.

Proof link: https://nobscrypto.com/blog/announcement-2018-10-16/

What's the advantagess and disadvantages of burning the token?
Burning the token will reduce the number of tokens circulating in the market, the equivalent of scarcity, but not the scarcer will be more valuable!