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Author Topic: What will ICO's do with those unsold tokens?  (Read 813 times)
KarKeyan (OP)
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April 13, 2019, 08:52:06 AM
 #1

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
innocentone
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April 13, 2019, 09:50:54 AM
 #2

If they said they will burn the token, it is really good that they burn the token to increase the trust of the investors, and reduce the circulating supply of the coin. In this way, the price of the coin may increase more.

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April 13, 2019, 09:53:00 AM
 #3

It is good for them to burn those unsold tokens.
It will reduce the supply of that token that can result to increase in demand.
Keep updated with the ICO you are investing so you will figure it out on what they will do with it.


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April 13, 2019, 09:53:40 AM
 #4

Most icos burn the tokens if their smart contract happen to support it. If the smart contract is not designed for a burning operation then they will send the unsold tokens to a un spendable address whose private key no one has and there are many dead end address in ethereum blockchain where the money sent cannot be ever retrieved.
StatesManG
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April 13, 2019, 09:59:27 AM
 #5

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
depending on the project and it's modus operandi,  they could decide to burn it or keep it. Some do distribute it to the investors

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OluwaTosin10
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April 13, 2019, 10:03:56 AM
 #6

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?

This depends and varies on the project dev and their plans
Most times, such tokens get burnt upon decision of the project devs

So research about the project and reach a viable feedback
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April 13, 2019, 10:09:34 AM
 #7

Some ICOs they will burning the unsold token or they use other activities to acquire more investors, i will agree those unsold token will be burning to decrease the supply of token and the project will be more popular to the investors and the token will be more valuable.
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April 13, 2019, 10:11:21 AM
 #8

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
It depends on the strategy founded by the founder. they can burn unsold tokens to reinforce the value of useful tokens. Or they will continue to keep it and make airdrop programs in the future to promote the project.

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April 13, 2019, 10:22:02 AM
 #9

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
You will be notified about this in advance. Burning is definitely better. You know what it means to reduce supply.
I have seen projects that divide unsold coins among all the addresses, but I did not get good results from them.
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April 13, 2019, 10:23:01 AM
 #10

That decision rest with the team of the project and most of the time they say they would burn it. I think it's a good idea not to only burn the surplus tokens but to also burn the circulation amount to give the value to the token in the long run.

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April 13, 2019, 10:26:25 AM
 #11

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
I've known such project in the market that transfers the unsold token in to their liquidity pool (if they are an exchange and the token is considerably a utility token). In that case, there will be no burned token, all the tokens will going to be used and might circulate on the market. Still, there is fairness that we are looking for.

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April 13, 2019, 10:42:20 AM
 #12

most of them will eventually dump them on the market and make a lot of profit. some may do some fake things by burning some of these tokens but in the end it all depend on how much tokens they own themselves and how much more token they are left with. if they have more than enough tokens to dump and know that anymore would kill the market entirely then they will surely burn them otherwise they will dump those too.
the whole point of ICOs is to make money easily through their token dump.

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April 13, 2019, 10:45:08 AM
 #13

I doubt many ICOs don't usually burn those coins but rather send them to an unidentified bitcoin/other address from where it cannot be recovered while other scam ICOs dump their coins at a low price making that coin worthless. Some other ICOs use the unsold coins for future ICOs but that's again fishy as that ICO doesn't usually take place and they end up using their coins to dump them.

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April 13, 2019, 10:49:44 AM
 #14

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
I think burning tokens will be the best option. because it will reduce the total supply and the value of the token will increase, which is considered a positive news. When there is good news, it will attract many new investors involved in buying and selling tokens when listed on exchanges. That will increase the volume for the token.

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April 13, 2019, 10:52:54 AM
 #15

Unsold tokens are a threat to the price of the coin and burning it can solve the problems that can be a barrier to the future development of the project. After the listing on the exchanges, it becomes harder to maintain the price stability.
Shatterlean22
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April 13, 2019, 10:59:02 AM
 #16

Normally any remaining tokens from ICO sales should be burnt but it depends on the devs plan ,if you aren't sure you can get the white paper for the token to find out

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April 13, 2019, 11:02:04 AM
 #17

Most icos burn the tokens if their smart contract happen to support it. If the smart contract is not designed for a burning operation then they will send the unsold tokens to a un spendable address whose private key no one has and there are many dead end address in ethereum blockchain where the money sent cannot be ever retrieved.

This is quite tricky though. If you are a holder of that token, you should know how to track the number of tokens. If they say, they will burn the unsold ones, they should stick to their plans. You should follow through if they are true to their words. If not, those tokens will be in their possession and they might just sell it once the dust settled.
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April 13, 2019, 11:09:32 AM
 #18

for me the icos have already gone out of style.  Sad
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April 13, 2019, 11:14:05 AM
 #19

I have seen many ICO's selling tokens for cryptocurrencies. What will they do with those unsold tokens at the end of their ICO? Some say they will burn it so no one can use it. Are they burning it or is it really the good to burn those unsold tokens?
Usually the unsold codes passed through ICO will be given on exchanges after being listed. Also, there are other options such as The development team will burn all tokens that cannot sell through ICO. Or maybe the group will use the Token number divided equally for all investors based on the percentage of investors token hold.

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April 13, 2019, 11:25:04 AM
 #20

Well actually there are different things the team do with unsold tokens. First, the might burn therefore reducing the total supply. Secondly they might share it among all investors and thirdly they might lock it up for future development of the platform.
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