Token burning

[Kunnu]

Burning a particular amount of tokens/coins is a nice way to make the tokens/coins more valuable but this strategy is worthy for the projects which are getting successful and leaving good impact but I don't think that the burning procedure will bring positive results for the projects which are unsucessful or not preforming well so it will be absolutely useless attempt.

[Wysi]

Hey


I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

Token buring is a thing of past which does not work anymore as its usually done to reduce the supply of the useless tokens assuming it will increase the price but when there is no demand at all for a token regardless of token burn it fails to capitalise. Recently stellar XLM did the same thing and they hardly got any benefit of out it.

[enhu]

Since 2016, there had been coins which developers already have burning token system. ICONOMI (ICN) was just one of them but look how far they are now?

Its not like coins have fixed price that its cap will be divided among all coins, it doesn't work that way. So its useless to burn some coin. However, it there will be demands then scarcity will be experienced and that its holder will sell their coin for higher price.

[Dart18]

They swap and then they burn.

ICO company owner sometimes think their tokens will be bought at large amounts so they swap it 1:1000 ratio.
Then, when they see that it is a foolish idea then they will burn it.

Some don't. Why? They started with billions of tokens already thinking it will make them millionaires. But it didn't happen.
They may have wanted to sell it cheap but still with lack or marketing it failed.
So, they burn some afterwards.

[iamaruf]

This method token burning was working two years ago, now it's not working.if the token get demand and team burned the token it will help to rise the price.Actually price depends on total supply but that token should be demandable. Less token and coin s legit and have demand then high chance to rise the price

[cytpoway121]

Hey


I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

Hey. I think this is just a futile trend. Burning does not bring any real benefits to the ecosystem. The only reason this operation is useful is for speculators - for them this operation is neutral or profitable. It is rational to use it only if the coin has collateral in the form of real assets (After burning, the value of each coin grows, which is a positive result for the user).

Ideally, there are different variance to token burning.
Because project A conducted a token burn and experienced a surge increase in value and price does not mean that if project B conducts a token burn, it will definitely experience same.

It is applicable for both project developers and investors, to take note that before token burn, there has to be a special product in place that can drive necessary demand.

[kooboat]

Most token events are undertaken by projects to preserve the value of tokens. While the burning of tokens are meant to increase the confidence of holders, some projects that claim to have some burn tokens still end up bringing up almost useless tokens or coins. Perhaps, it is about time, project develops review the process involved in burning tokens to safeguard the value.

[htsy585]

Hey


I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

Token burning right from the early days of ico has been part of various things project developers do proposed to gain the interest of the investor as the whole concept of token burning is geared at increasing the demand of the token when listed on trading exchanges. However, since then it has been a two way things as some project have been able to increase their demand and the tokens price through it, such a project is binace and at the same time majority of projects found it unsuccessful.

[inanilujimi]

altcoin has done a lot of things like this but it doesn't have much impact on the project.
in essence, in my opinion things like this can no longer attract investors to get interest and can pump the value of altcoin.

[Kupid002]

altcoin has done a lot of things like this but it doesn't have much impact on the project.
in essence, in my opinion things like this can no longer attract investors to get interest and can pump the value of altcoin.

Yes it will never help , they just get this idea from other project that failed also to make thier token valuable and in the end no supporters want to support it .

Instead of focusing in burning why not having a good promotion to attract user's traders to participate in thier project. They need demand not reducing the supply , the idea of low supply high demand will not accurate now in this market when they are many project failed.

[Winscosinally]

Tokens like Okex token and bnb created more value right after they burned some of their max token supply but this was accomplished easily because the tokens are very useful and their is more demand for the tokens too, If they are crap tokens the burn won't have effect

[cahbagus555]

Hey


I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

Token burn in my opinion is good for both parties both the developer team and for investors. With the reduction in the total supply available in the market, it is expected that prices will rise and for the developer team, the marketcap value will also go up so that the company's value will get better.

[DDante]

I like token burning feature in coins, it helps the token value to increase but it's not meant for all projects, some are better with max supply because of their use cases and some projects already have too many max supply e.g 100billion or 1 billion, burning will definitely reduce max supply

[tvplus006]

Just remind you if you must see how good the coin based on usability of the token. All of the deflation tokens are garbage tokens and these tokens can be called as scam token. I think that there was no more explanation about that because deflationary is a complete garbage idea. I just see more and more deflationary token scammed more and more people.
This is a crap idea.

Binance has its own BNB coin burned every quarter. This amount is always different and is calculated at the rate of 20% of the profit received by the exchange. This will continue until Binance destroys half of its coins from the original issue. So the BNB coin can not be called garbage.

[SheriffEl]

Whether they burn, there is no guarantee that the token they have will create a huge pump or volume.

The community will decide for its volume and that's through the investors who will actually buy the token. So, if there's no buyer, who will be the taker? none.

If there's a bunch of token and sellers then there's no buyer, it's worthless whether they burn 99.9% of their entire supply.

But it is an added value, dont you agree?

[SheriffEl]

Since 2016, there had been coins which developers already have burning token system. ICONOMI (ICN) was just one of them but look how far they are now?

Its not like coins have fixed price that its cap will be divided among all coins, it doesn't work that way. So its useless to burn some coin. However, it there will be demands then scarcity will be experienced and that its holder will sell their coin for higher price.

I havent heard about that coin yet. However, I believe that if coin has some sort of token burning it's just an added value.

I didnt mean to say that the whole point of coin is that it burns, however its an added value to the coin and product behind it.

[metenjean]

If you find project make token burning I think is good time for investing because they want to increase supply of their coin in the market and make little at the future, maybe some project is brave for burning their token like did by BNB owner coin where they have burn third time for BNB supply.

[Anonylz]

I like token burning feature in coins, it helps the token value to increase but it's not meant for all projects, some are better with max supply because of their use cases and some projects already have too many max supply e.g 100billion or 1 billion, burning will definitely reduce max supply

Token burn may work with some project to increase prices but this does not applies to all project, if you look at project like binance, okex who conduct a token burn periodically did have a positive effect on the price and also because this coin has a use case or lets say there is a demand for them, in this type of cases, token always appears to be effective.
there are other times some project will conduct a token burn yet it didn't help the price of the token/coin
in my opinion, why create a coin then decided to burn it hoping increase price? better to have a decent amount of coin/token will be enough and can maintain a healthy price.

[Thomas-s]

deflation coins and projects in this direction which is very promising. the most important thing is that people really need these coins and they have to use them. inflation is the biggest global problem, and deflationary ideas are very  innovative

[Asuspawer09]

Hey


I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

In my understanding to this token burning is most of the time in the ICO the right fund is always achievable at all times and most of the time the token is not going to get a high price in the market, technically this was just lack of demand in the token why that is happening.

They do this token burning meaning they are reducing the token supply if the token has a high supply the token could easily have a low market price depending in the demand, a token market price always depend in the supply and demand if it doesn't have enough demand or doesn't have the trading volume they could reduce the token supply to somehow make the price of the token higher.

Read here for more information about token burning:
https://cointelegraph.com/explained/token-burning-explained