i have seen oyster perl today coins burn there. so i need to know is it increase the price of the coin?
please explain
burn coin = erased some coin, so this coin will reduce the total supply. example: coin A with the total supply of 1.000.000 will burn 200.000 coins, so total supply after burn is 800.000 coin.
if the coins are good, many investors enter and mass adoption, it will affect the price of the coin where the total supply of the fewer plus the number of buyers will drive price increases.