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

[raddish]

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject?". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

Yours might be one strategy they migh have in mind. To me the burning of un-sold tokens will indirectly make their coins seem to be more valuable which is good for those holding their coins. Whats more is that if after the ICO their coin demand is very high which will again make the coins more valuable.

[nik9990]

If the creators plan to develop their product further and work on it, then this is correct.

[Ucy]

If lots of money is in circulation in a country, the money loses value. OR if a country produces lots of chickens the prices of chickens will be cheap.

Same principle applies to tokens.   It is probably why unsold tokens are destroyed.. Am not very sure though.

[galekov0302]

Yes, burning helps the project a little, for example, to increase the price of the token,

[Luckycoins999]

I think Yes it will help the projects because this make supply less and increase the demand it is an actually economics theory when the supply is decreasing that time Demand will be increasing. So I think it will help the entire projects.

[Gaggy185]

Generally, in ICOs campaigns, Token after the sale phase, if not sold, the project owner will burn to serve the development of those ICOs. This is perfectly normal and very good for the ICOs project in the later development. Thus burning the unsold Token is perfectly reasonable.

[Beazerdred]

The fewer tokens exist, the higher the price of the token. Burning tokens can only affect the price. It seems to me that this is a good option because such actions all will be left to the advantage both the development team and the buyers of the tokens. And I do not see any other variants of the development of events if I do not destroy the remaining tokens, then what to do with them and to whom?

[beckspace]

There is no strict rule that burning unsold coins is good for every project. In some projects, this boosts token value, but it does not work on some projects. The project and the team must develop their work on the project.

[blozo]

Yes it is usually a good sign of a well managed ICO. If unsold tokens are put in some kind of fund or something it is not good for investors...

[myigitcoin]

I think it is good to small investors and bounty hunter but for long term token burn damage project potantial. if I am holder I dont interested in token burn. if team has good project dont worry it will be succesful

[imapd]

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject?". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

As far as I know and also it seems logic that burning of the unallocated tokens is increasing the price of the rest of tokens because the total supply is decreasing by doing that, but I'm not an expert so I can be wrong.

[somebadger]

Yes of course, because that is going to reduce the total circulating supply, and by this way, the price will likely go up after that token burn, and that is good for all the investors, But it also depends on how the project is going

[political1907]

Yes it's good. Because when unsold tokens are burnt, value of tokens in your hand naturally increases. And investors have won at the beginning of the road.

[gandhe83]

There is no strict rule that burning unsold coins is good for every project. In some projects, this boosts token value, but it does not work on some projects. The project and the team must develop their work on the project.

Exactly. There are no strict rules that burning unfinished coins is good for every project. It needs a systematic cycle that follows the process. Then you can sell ICO, ...

[nemey]

I think that burning the token unsold from ICO relates to the token supply. It will make the token supply lesser so that someday, it can help the token to have higher value easier. However, not all expectation occurs. sometimes, even they burnt the token, their price is still difficult to rise. This also depends on market. But, burning is still better than letting the tokens unsold there.

[Harriti]

If it's not good so I don't think there is any project will wanna burn their unsold token anymore . It make total supply amount decrease that mean price will increase that why there are so many ICO project choose burning to make their token price rise higher although a good coin like BNB is also burned a lot ).

[masterzino]

Burning unsold tokens is very good and I think that is necessary, because the number of unsold tokens can harmful for the prices from one side and can be used to manimupale the price from other side. The unsold tokens are pulling the price back and hurt the investors.

[liseff3]

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject?". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

A number of tokens that aren't produced will usually fight inflationary flows. And along with this the developers apply the burning process to each of its transactions. This thing was done to prevent the existence of spam transactions and in practice will not only prevent attacks but will also reduce the number of tokens. With the existence reduction in the number of tokens surely it can trigger a stable demand therefore the token price will certainly increase.

[The Crypto Peasant]

Burning any unsold tokens being a good thing can be completely dependent on what countries regulation the token sale is abiding by.

due to all the new regulations coming through "token burns" are looked at as a negative thing to the monitoring security agency. when you "burn" tokens you a decreasing supply and increasing demand, therefore implying at a greater reward for investment, this is deemed as a security by most. So if the said token is deemed as a security and does not lodge the correct paperwork and register as a security then there are problems.

there is a few ways around this, instead of burning said tokens, move them to a 'commodities fund" to help onboard people to the platform later on.

[Rrtt]

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject?". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

In my simple opinion, burning of tokens will lessen the supply thus making the token's value to go high. I have seen this in situation wherein they burned token and later the token's price appreciate. Just don't know if it is applicable to all situation.