Post
Topic
Board Altcoin Discussion
Re: Why is burning coins good
by
smorgdonkey
on 27/10/2021, 14:37:27 UTC
BNB is the most famous one, very very recently the other day Binance burned literally millions of dollars in a single day, that is the proof that burning could be good, they are actually making it very scarce with this method and the value goes up thanks to it, that is how burning should be done.

You think "BNB is the most famous one"?

Ever hear of Ethereum? EIP 1559 burns ETH every day.

I do agree on your points about companies using burning for hype though.