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Author Topic: Burning cryptocurrency.  (Read 286 times)
pooya87
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April 16, 2021, 05:38:05 AM
 #21

thanks for your answer. So, if this happens, isn't that the coin will abandoned by the investor? If in the example of Ethereum do that, then I believe investors and the community will abandon the coin immediately. That's what I thought.
Considering the fact that they didn't leave any altcoin that has done this in the past I wouldn't be so sure about what the "altcoin investors" are going to do. They seem to only care about the pumpability of the altcoin not security or utility of it.

Quote
However, the Mint function of the token is what the user should be able to know. Because in tokens with this function, creators can freely mint tokens as he wants. So even if it is burned, the coins can increase if the developer wants to do this. Again, the consequence is that a big dump will occur, I guess only a scam developer would be willing to do this. But still can't imagine about using tokens from dead address.
That's a good point.

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