Post
Topic
Board Altcoin Discussion
Re: What is coin or token burning?
by
imstillthebest
on 29/09/2021, 15:41:40 UTC

Coin or token burning is often used as a way to increase the value of a coin or token, and is often considered the easiest way to increase its value, but in reality not everything goes as expected,

its a common misconception that a lot are still falsely believeing , this is why lots of shit and scam projects are now using the word token burning to their marketing because they knew that it will attract investors .

Quote
We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.
i didnt know this but thanks for this trivia . bnb is a succesful coin and i think that other factors contributes to its growth not just burning