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ICO: Token Created Can Run Out?
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Topic: ICO: Token Created Can Run Out? (Read 203 times)
Landagert
(OP)
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ICO: Token Created Can Run Out?
September 21, 2017, 03:56:32 PM
#1
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..
GameX
NextGEN Gaming Cryptocurrency
ICO
Jan 9-27, 2018
popolite11
Sr. Member
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Activity: 882
Merit: 250
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Re: ICO: Token Created Can Run Out?
September 22, 2017, 12:12:26 PM
#2
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
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