Post
Topic
Board Altcoin Discussion
Re: Really Burn helps Token in positive way?
by
Raflesia
on 01/08/2023, 18:37:20 UTC
Hi,
Some How this Burn Buzz word stuck in my mind and i didn't see practical results so far in any successful token.

For example, Shiba Inu is burning tokens aggressively and is it really helping them?

May be i am noob here and happy to hear from experts!

I believe this topic will be useful for someone too!
In theory, burning could help to make the supply smaller and could lead to better price growth because with less supply, scarcity will occur and purchases will be more expensive.

But things like this will only happen for coins that are really worth it but when it comes to meme coins or shitcoins burning is just like a figure of speech and seems like nonsense because regardless of whether there is burning or not I think in this case we already know how the continuation will happen because in the end coins like that can only develop with a pump and dump system so no matter how much burning is done for shitcoin and memecoin it will be useless because there will be no impact and it is just a strategy to make it seem like the coin is alive.