Post
Topic
Board Altcoin Discussion
Re: Deflationary Tokens
by
olabiyijummy02
on 09/05/2021, 18:17:50 UTC
What I don't understand is some project that perform pointless token burns for example "Base Protocol" this is a project that I invested in and after a few weeks of listing, they perform  token burns occasionally. I just find out that the tokens my wallet kept reducing and the team said they were doing some token burns which is pointless my opinion because this is not increasing the value of the tokens and it is not increasing my stake in the project.
I believe if it token burns is to be effective, it should be done on tokens are yet to be mined reducing the total circulating supply and not the tokens that are already owned by investors