Post
Topic
Board Speculation (Altcoins)
Re: Burning plans
by
Lexurdania
on 15/08/2021, 18:20:32 UTC
Burning is for deceiving and definitely not a progressive related action for a development of a coin/token.

Reducing the supply alone will not guarantee growth of a coin. Swapping/burning are few latest traps, devs have these days to lure naive investors. Never fall for these.
burning that caused nothing actually only fake strategy to drive price up. alot investors didn't understand about it, the real burning in token or coins used in onchain transaction. usually in every transaction made , token will be burned. Dev team usually make it automaticly or calculate in certain periode and take it from total supply. bsc , eth , birb and many other do this mechanism. the most important for new project that offer burning token should focus on product developtment, without it burning only a mirage