Post
Topic
Board Altcoin Discussion
Re: Token burn
by
sacskate
on 22/10/2018, 20:37:09 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 tokens lowers the total supply
the less supply the more demand and that increase the token price