Is burning of unsold tokens is good for ICO????

[Thatimber7]

Well for starters, it will reduce the supply and hence the demand will increase. If put in simple economics, this will lead to an increase in the price of the coins. And thus, will be able to generate more investors.

[Em00n01]

Yeah, i think it is good for ICO. It help the coin to grow up and believe people that the team is not selling their unsold token in different exchange site.

[Maheshkumar_Hrangkhawl]

It's not rocket science, demand goes up if supply goes down. hence, we know why burning is in the option.

Absolutely. If a part of the tokens are burned, then the remaining tokens will go up in price. But that is not necessary.... If the project is already dead or defunct, then this measure will be having hardly any impact. But I have seen several examples to support this claim.

[Bharathi13]

Yes burning of unsold ICO token is good for ICOs as well as investors. For ICOs, their supply will reduced by burning tokens and when their demand will increase it will automatically help for increase in price of tokens. For investors, their returns will incrase when price of token will go up due to more demand and less supply. Also investors will be on safer side as there are several cases of un-burned tokens being miss used by the ICO team managements take recent example of Ionchain.

[justsimpleram]

Yes that's have good effects to the ICO. Because of the unsold tokes if they burn it the supply of the token will be decrease. Therefore the holder and the investors is the only people that have that tokens. And they are the one who will manipulate the price mo the token.

[Moshi Moshi]

it is a very good move for the advancement of an ICO project because then the coins they release become limited and if the demand is high it will lead to price increases on the coin, so it should indeed burn the unsold coins.

[Emence]

Yes burning unused tokens is good. Because there is always some projects going on and price is going higher. So burning makes the supply lesser and lesser.

[Cogy]

I also think it sometimes. Burning the token looks like a loss to me. Because not every ICO has high demand. If an ICO has less demand then burning the tokens will be total waste. Though it helps some ICOs.

[drumamat]

I think that the team proves that they consider investors to be an important part of the development of the project

[santaroom]

My opinion is that burning an unsold token will reduce its supply, leading to higher demand. More investor demand will naturally bring the token to a higher value.

[BarnabyETH]

If unsold tokens are burned, then it may be a cause of loss. Without using it, the Token mellows would have benefited from using them without burning or other small projects and their confidence would have increased.

[MarchionessBold]

The market works based on supply and demand. Burning of unsold tokens make supply scars and demand high. So it’s good.

[anilsaini0327]

Burning of unsold tokens surely helps in increasing the demand as well as the price of the given coin/token. The above things applies to new projects too but the team of the project should be honest and no body shows honesty in cryptocurrency world's. In my opinion, unsold tokens can be burned or they could be distributed among the investors.

[reynilynedago]

I totally agree with your point of view that burning of ico coins can be managed somewhere else for the betterment of the community
But the burning of ico’s is necessary because the amount of supply of token will decrease and the value of the token goes up which can really create hype among the investors and make the company do more profits as many people want to invest more on the demanding ico’s
There are lots of residuals and these residuals can lead to fraud and scams as these coins can be misused by many companies and they can scam the investors and this will make a negative impact about the crypto world.

[VogueaNON]

Yeah it provides some benefits to the ICOs. By the rule of Supply and demand it helps to increase the price of their token. But there are some less worthy ICOs who don’t get any benefits by burning token.

[adzino]

While distributing tokens during ICO, they have everything pre-planned. The percentage of tokens they will keep, the amount that will be distributed and the amount that will be sold. If extra tokens are left, their plan somewhat starts to deviate. Also the burning of the tokens, helps to increase the price of the token (basic supply-demand law) which eventually covers up the price of unsold tokens.

[ZirconiumX]

Sure it is good to burn unsold tokens of ICO project. Investors will recieve effort because total market cap will be lower and more opportunities for pump. Anyway the team will keep tokens needed for environment

[MorningTradeNeo]

thank you for your suggestions but it has mix opinion among the people, some think it's oky to burning the unsold tokens cause it does have the same value as coins and on the other hand some think it is not oky cause it will create token lacking what you think it up to your choice

[kier010]

yes it will help the ICO especially the investors because the supply will be less so price will go up. it still depends on ICOs if they want to burn it or not but many cases they burn it.

[ryurifai]

That's exactly what you are thinking. Burning or destroying the rest of the coins that are left unsold during the crowdfunding is a best way of pushing the market price of a digital currency. The moment you burn or destroy it will make its supply less and and if the demand continues over the short supply, its market price will also rise drastically.