Post
Topic
Board Altcoin Discussion
Re: Really Burn helps Token in positive way?
by
lalabotax
on 01/08/2023, 21:59:20 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.
Hello there..
Basically, token or coin burning aims to reduce the amount of supply circulating in the market to be smaller. Well, in theory, this makes sense, because it is hoped that it will attract more and more interest from old and new investors to invest in these tokens or coins. However, an investor usually also pays attention to the amount of token supply, if it's too much, then this will also have an impact on sales, right? Just imagine if there is more supply than demand, this will end in a token drop significantly and it will be difficult to go back up.