Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Lynked.World : Solving Real Life Problems in the current Digital Era
by
BoycieBuahaha
on 07/12/2018, 01:13:39 UTC
Ask ... after the sale of Lynked World tokens ends, whether unsold tokens will be destroyed or burned to increase the price of the token?

I dont think it makes much sense to burn toekns as they will have to make more LYNK so people can exchange lbd for lynk.

That is true.Usually its more convenient to burn the tokens,but in this case its not needed as max supply will be 500 million,so if they burn some tokens that means they would have to make more.

Burning tokens is a common thing in most projects, but I prefer this option more:)

Yes i agree that burning tokens is most transparent way to deal with unsold tokens,but in lynked.world case it would be waste of tokens.

Burning is done because it is the easiest way to ensure transparency, not because it is the most effective.If team can do a proper mechanism of circulation and keep it transparent it is more efficient then burning tokens.