Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Landagert on September 21, 2017, 03:56:32 PM



Title: ICO: Token Created Can Run Out?
Post by: Landagert on September 21, 2017, 03:56:32 PM
I had read some whitepaper, they said that they will buy back some of the coin that they created and then burn it - as in make it gone right? But they are using it as a mean for payment the service they offer, or something useful for their services.

So my question is, if they burn most of the coin, doesn't people will started to use their service less? I mean because the coin is getting scarce..


Title: Re: ICO: Token Created Can Run Out?
Post by: popolite11 on September 22, 2017, 12:12:26 PM
This burning system using now many coins. You can just read other coins whitepaper and you will find same thing.
So don't worry about it.

And in conversely, less coins - more price  ;D