Quote from: @sriyan on Today at 12:29:24 PM

Quote from: KiranKBS on July 30, 2023, 01:09:44 PM

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!

If the token supply is burning, that means the total supply will be reduced. It will increase the value of the token. Also, price value depends on the news of the crypto market and the utility of the token.

Yes, it is natural that when the quantity of something decreases and the demand is high, the price of that item goes up. If you look at Bitcoin for example, the of Bitcoin is demand several times greater than the supply . And this is why the value of Bitcoin is huge. and we care about Bitcoin that much. So token burn can help increase the price of that token, it is not impossible and it is a very effective strategy to increase the value of any token in the market.