In the battle for stability of the network, inflation circumnavigation, and TRON holders rewarding, Justin Sun, CEO and founder of TRON has conducted 8 coin burns amounting to more than $1 billion in worth. The purpose of the token burn has been aimed at creating artificial scarcity thereby increasing the value of the token.
Sometimes I wonder why they made a lot of tokens in the first place. If in the end it wasn't used, then there's no need to mint it right?
Or is that just the tactics to create short-term hype so their coin can get pumped every time there's a burn announcement?