Post
Topic
Board Altcoin Discussion
Re: Really Burn helps Token in positive way?
by
ultrloa
on 01/08/2023, 22:22:31 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!

The answer is given already and it can help the supply less and also by doing this it can also create demand. So when the supply is less then the demand is high for that action or other things they do the price would provably up that's why its also good to participate to those project who always have burning solution to their increasing supply since this could really be a big help to their project to get a good boost especially when people losing an interest since the price is declining so bad.

But also remember that this scenario not always happen since there are scam tokens who do this just for hype and to scam people.