Post
Topic
Board Altcoin Discussion
Re: What is coin or token burning?
by
mdzahed134
on 29/09/2021, 18:40:44 UTC

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.
Yeah, a project team will plan to burn token when they see token price didn’t increase what they are expecting price. Binance burned token for many times, It’s huge potential project as per as market demand so i think with any random coin you will never comparison with BNB token. Shit coins will increase after burn token there are no guaranteed.