What is coin or token burning?

[timerland]

Burning a coin doesn't give it intrinsic value.

It's like SHIB. There was a massive burn at the start to generate hype but that doesn't mean that it is a valuable token.

Whereas the more scarce and respected coins like BTC and ETH has never had a coordinated burn, which in my opinion makes the most sense for the stability of its supply.

[noah tall]

The token or coin burning is the process in with the total supply is reduced. Which causes to effected on price . Because when the the quantity burn the price is on the way to up.

[asyakashi]

Burning coins is also a joy for investors and the community as it will increase prices quickly by reducing the amount of supply. Usually combustion occurs by sending a certain amount of supply held by the project to a dead address. BNB is one that often uses this method to increase prices. In addition to BNB, there is also CAKE that always burns its tokens periodically.

[savetheFORUM]

The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase.

If a coin is having a real world application then there will be no need of going for burning it. In my opinion burning is a process that it is being conducted to create artificial demand. This is definitely a kind of manipulation but unfortunately no one is ready to realize the fact but falling into such a trap.

We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

BNB must be an exceptional case. It is having a real world application like you can get up to 50% discount if you pay in BNB in binance trading. Still, not sure why binance is planning for scheduled burning time to time.

[nekorakoeora]

Burning coins is also a joy for investors and the community as it will increase prices quickly by reducing the amount of supply. Usually combustion occurs by sending a certain amount of supply held by the project to a dead address. BNB is one that often uses this method to increase prices. In addition to BNB, there is also CAKE that always burns its tokens periodically.

Simply put, this leads to scarcity. When the amount is rare or limited it will have a high value. However, not all cryptocurrencies that are burned will increase. This is more towards a stable value or adjusting prices more decently. Or it could be by burning coins is expected to lower the potential inflation on a coin.

[wmaurik]

The token or coin burning is the process in with the total supply is reduced. Which causes to effected on price . Because when the the quantity burn the price is on the way to up.

The burning of the tokens is not for the purpose of increasing the price although the effect will be for the price, because the actual price increase is in the demand and supply of many in the market, not solely on the burning of tokens.

[nicolas1979]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Yes, burn and staking are strategies to increase coin prices. Apart from that, the Binance exchange also uses the Launchpad method for certain coins, so the price of the BNB coin can also increase. In the Launchpad method, participation is required to hold the BNB balance, so that trading of BNB coins will decrease, and pumping will be easy. But it doesn't stop there, there are some coins that will be dumped because participants will sell the coins and buy BNB. However, daily traders can take advantage of this situation to buy and sell coins as expected. Perhaps other exchanges have different methods of pumping up the coin price, including trading volume competition.