Token burning

[durilup]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

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[Marble777]

I don't think burning tokens really affects the price of tokens to be high. projects usually aim to burn their tokens to attract investors or reduce the amount of the supply of tokens also does not always make prices high. all this depends on the marketing of the project team and the demand and supply in the market.

[Smitty Werben Man Jensen]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

of course the method is very cool, but only for coins or tokens that have a lot of total supply, and that is very popular with new projects, and for large projects I don't think Burn Tokens are a priority, look at Ethereum or Ripple, they don't use this method

[slaman29]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

Old method that never really worked if you ask me. I mean, the economics is sound but when tokens that are shitty in value are halved by burning 50% of supply, as I've even seen in the past, the price never doubled, maybe temporarily but I keep seeing token burns result in even lower prices. People who think BTC price will x2 after halving should also see this lesson.

[thisnewcoin]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

of course the method is very cool, but only for coins or tokens that have a lot of total supply, and that is very popular with new projects, and for large projects I don't think Burn Tokens are a priority, look at Ethereum or Ripple, they don't use this method

Absolutely! A normal project's price Won't be pumped even after burning huge amounts of tokens, but if a better project does that then there will create a hype! Like Stellar burned a large numbers of coins and price grew well and there was hype too! Burning tokens from the supply is not a new trick but it is a very cool idea, I haven’t seen any better method to replace it!   

[zaim7413]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

Yes, and this old method is still used by some token developers at this time, because it still looks very effective in making pumps for a token in the crypto market, so even though it is an old method, it is still very feasible to use.

[TheICE007]

Token burning to me is a good innovation, when used at the right time, gone are the days when people rush to buy a token because of token burn, now the token should have a good working product,then if there is news surrounding the project with the token burn news then it's going to  help the price alot.

[r32godzilla]

I rather see buyback programs done by the core team because they have to spend money for buying tokens from the users. So this can bring price up, but burning token from the team reserve doesn´t ensure price pump. 

[timmmers]

Token burning, buybacks, staking, everything artificially pushing the price up. Look how many coins we have and how many are really used for everyday life? They try to attract investors only on these buzzwords, but there is no value in the background.

[H1N1]

Some project have token burning schedule to increasing their token price.
But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.

[Odebowa]

Token burning refers to the permanent removal of existing cryptocurrency coins from circulation. The practice of burning is common in the industry and is quite straightforward. ... Token burning is similar to the notion of share buybacks by publicly owned corporations, which reduce the amount of stock available.
in Most cases token burning is good for fast rising project and not project that its hardly seeing demand, if care is not taken it will be useless

[angrybirdy]

Some project have token burning schedule to increasing their token price.
But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.

It's true but this is not a good process anymore. Token burning had been a process even before, it is used to decrease the supply and increase the price for their holders. But this is becoming useless because project developers are not applying it in the correct way. They most likely do this process even without the demand. So, basically they are just applying it to try and have the possibility of having more investors which won't happen because this can't attract new investors anymore.

[@baoli]

If a coin don't not have good liquidity in the market the price will still go down . usability is most Paramount in any project. Burning token can't push price up if the token is not useful.

[mdzahed134]

This is one of the strategies made to attract market demand, Sometimes this method is considered successful even if it is not permanent.

If the burning token comes from the pre-mined coin and that will not give any impact to the price. I can teach you if there were so many projects that have already implmented this just like pundi have been getting a very difficult time because it has become useless token.
The token burning idea without come from the profit that already got by the company will be totally useless.

You said incorrectly, Pundi X has really had success in burning tokens and at that time its price increased sharply. but only now when people found out that the business was not performing as planned so investors got out early. Therefore, in this case, Burning token is still one of the great things to help the price increase in the short term. but in the long term, we must consider the success of the project plan.

I think NPXS didn’t burned tokens when it was needed. When investors were disappointed for hold this coin, team's made a plan likes trying to increase price firstly did burned tokens than isn’t worked after a several times burned, delisted a few trading pairs on binance exchange. Pundi X not impacted through of burning tokens, they failed in the plan.               

[pixie85]

“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump

It's a pointless act if you ask me. It doesn't matter if something is rare because rarity doen't equal value! Rarity can boost value if there's some utility or beauty somewhere in there but rarity alone will not achieve anything.

Excrements of white tigers are very rare but are they valuable? You can't make a gold ring out of shit just like you can't turn a worthless token into a valuable one by cutting its suppply in half.

[tycsols]

I support burning and buy backs but i think they effect will come when the market will be bullish also remember that there are many other factors also involved in pricing and value of a token other than burning so when most of these factors become positive only then we see increase in demand and value.

[suvo05]

It totally depends on the project. There are lots of scam projects which promise to token burning. They usually use the idea to attract people. But that does not mean that all of such kind projects are garbage. For example, the project Aave, which is a lending platform seems to be doing a good job for the last few months. On the other hand Covex-trading platform which also promises token burning yet to list their coin on their own exchange.

[kingzpro]

Yes, in the end what matters the most is the product itself so if the product has good use cases and demand in the market then the value of project is bound to increase overtime but i would say that burning of tokens is a positive step by the project team especially if they are transparent, they definitely help in boosting the value.

[shollyen]

Some projects already promised coin burn, they have done that and yet =, there is no significant increase in price. Binance did that recently and the impact was not feasible. if it were to be in those days, there would have been a lot of Hype. I am not saying that BNB is not a good token and in fact, it is growing, but for the fact that another number of tokens were burnt, never impacted the price of BNB, but it was good they fulfilled their promise.
Since most projects already know that it does not really work, they do not include it again in their roadmap or tokenomics. Rather, they reserve excess tokens for future development and sometimes engage in locking.

[landoffaucets]

I don´think that it really works, still many tokens and coins have big inflation rate, so the tokens that will be issued to the network is much higher than current circulating supply and this is the reson why price of many altcoins falling down.