Quote from: Little_Sister on August 04, 2022, 07:45:52 PM

Quote from: |MINER| on August 04, 2022, 04:11:07 PM

Even then this is not completely alternative way but without this option currently it is very difficult for alt-coins to survive if the supply continues to increase. As was the case with Luna we know. There's lots of token whos price is decreasing continuosly Due to not having this option. So my opinion is burning is one of the most important thing to increasing price. Just as the central bank of a country controls inflation by controlling the printing of currency, the price of tokens can be controlled through burning.

After I checked the address of the BFG smart contract, it still hasn't reached the maximum supply on the CMC data, so there are still remaining tokens from the total supply that have not been released. Apart from the difference in fiat currency inflation, the token burning needs to be increased but burning alone is not enough to have a good impact on the token price.

Not enough but there's some influence if the burning process will continue to take place, along the way the numbers of available token will be lessen and it will be a good thing for passive investors, they are going to see good movement as BFG still doing well in preventing massive dump even the market still bearish.

You have to do your DYOR though, it will help you to understand the full potential of this kind of asset and how to take advantages of all those passive ways to increase your holdings.