Post
Topic
Board Tokens (Altcoins)
Re: [ANN] - LUNALAND - A digital currency harnessing the power of the Blockchain.
by
Xsinx
on 29/06/2021, 14:17:00 UTC
I understand the point, but the reason for such a large burn and large initial supply is that we want to keep the token price low to ensure that any early adopters have a good exposure to any upside momentum when we do burn 99% of supply. If the initial token supply was 440M, keeping the price the same as when we start with 1T does not make sense.

Burning does not magically increase or decrease any token price, Without real products and strong community backing almost all tokens will end up to zero. So it doesn't matter if you burn everything and just leave 1 piece of token.