Post
Topic
Board Altcoin Discussion
Re: Why is burning coins good
by
FanEagle
on 04/11/2021, 18:32:27 UTC
Recently, many projects have announced the burning of coins, but not everyone understands what this means.
Wrong. Everyone is well aware of this and probably those who joined this crypto space last week might not be aware of this. These days, coins and tokens which are trying to create a fake hype out of burning process are not getting pumped because you cannot keep cheating people with empty promises forever. Burning might have worked for some time but I am sure it won't here after (at least for new projects).

If you are planning to choose your investments based on the roadmap which is having lots of scheduled burning process then probably you may burn your fingers by touching them Shocked.

A good project never needs any such non-developmental procedures to create artificial demand. Burning must be one of non-developmental activity but unfortunately even binance is doing it time to time, not sure why they need it considering their reputation and userbase.