TelolettOm
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 01, 2023, 11:57:35 PM |
|
I think that burning may have both positive and negative effects depending on the case. In short, I see aggressive burning as negative, but steady burning as positive.
As far as I know, burning brings positive impact since it reduce the number of total supply. It triggers an increase of the price/value because the circulating supply probably will be lower than usual against the demand. Moreover, it will increase faster if there are bigger demands and hype after the burning steps. So far, I don't see a negative impact of the burning steps. Can you tell me what the negative impacts are? However, for meme coins or shit coins, it can bring no significant impact. If the coins have no demands after the hype is over, the decreasing of the total supply will mean nothing. Whatever the number of the tokens, it won't be very helpful when there is no demand anymore.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Apocollapse
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2023, 09:24:43 AM |
|
Hello Sir, postive way i meant increasing Market cap and price token increase!
Burn only help the token price increase, but it will not make the market cap increase because the formula of market cap is circulation supply x token price. But with the token price is increase, it should be expected people will buy the token and hopefully make the market cap increase too. But it's just a short term effect since the total supply is unlimited.
|
|
|
|
JunkieMiner
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 412
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2023, 09:48:40 AM |
|
Off course I had seen many token which gain a hype with having burning tokens regularly, I have seen a token named Tdox which were continuous token. This means that there will be a less supply in order to buy more and more, then the token can gain easily a better hype.
|
|
|
|
coin-investor
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2023, 10:03:26 AM |
|
The burning mechanism is just one of the factors that will help one token in a positive way, Shiba Inu is doing well not only because of the burning mechanism but more so because the community is still hyped on MEME coin brought by Elon Musk pushing of Dogecoin, and it so happens that Shina Inu launches on the right time, the burning mechanism is only good if there are community support and the project and its platform have a use case, we have seen other tokens concentrating on their burn mechanism but they ended up as a scam and shit coin.
Do not just rely on a burning mechanism it's easy for a contract-based token to implement a burn mechanism but they should also have something to offer to the community so they can last long in the market.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Kelvinid
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2828
Merit: 344
win lambo...
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2023, 02:18:47 PM |
|
The burning mechanism is just one of the factors that will help one token in a positive way, Shiba Inu is doing well not only because of the burning mechanism but more so because the community is still hyped on MEME coin brought by Elon Musk pushing of Dogecoin, and it so happens that Shina Inu launches on the right time, the burning mechanism is only good if there are community support and the project and its platform have a use case, we have seen other tokens concentrating on their burn mechanism but they ended up as a scam and shit coin.
Do not just rely on a burning mechanism it's easy for a contract-based token to implement a burn mechanism but they should also have something to offer to the community so they can last long in the market.
Just one factor but I'd never see how effective it was when it was applied to other projects. We can see it was good for Shiba Inu but generally, it was hyped that made the price hike due to the influence of EM which cause a price source. But looked, once it was done, the price has gone low again. And this will tell us that the burning strategy means nothing and it was not sustainable. That is why I don't give a thumbs up and I don't believe what these developers are saying _burning to increase price_that was a trick.
|
|
|
|
Hildentine
Jr. Member
Offline
Activity: 286
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 02, 2023, 06:42:03 PM |
|
Its true burn help coin to show they are potential project mostly coins are that people are sold but they are still in same price and they haven't any effect about people leave project but truth is that people see that type projects so they want to invest this one ..
|
══════════════☛Liang☚═════════════ Banking Eco-System
|
|
|
Abiky
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 03, 2023, 05:38:11 AM |
|
Hi, Some How this Burn Buzz word stuck in my mind and i didn't see practical results so far in any successful token.
For example, Shiba Inu is burning tokens aggressively and is it really helping them?
May be i am noob here and happy to hear from experts!
I believe this topic will be useful for someone too!
Not exactly. Burning only helps if the supply isn't huge. For a token like Shiba Inu, it's going to take a long time for us to see positive results. The circulating supply is still enormous. You need to keep in mind that burning is not a guarantee a cryptocurrency or token will become very valuable in the future. I've seen some coins with a burn mechanism, only to be worth a few cents in USD. That's because they lack mainstream demand compared to other players with a higher supply. It's all about utility to make a coin preserve its value for generations. At least, Shiba Inu is off to a good start. Who knows if the constant burning of tokens will propel SHIBA to $0.01 in the future? Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
gurunanakji777
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2184
Merit: 100
SOL.BIOKRIPT.COM
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 12:52:24 PM |
|
We all know that Shiba Inu is a meme coin, and its supply is very high in trillions, so a little burning won't have a significant impact on its price. However, we can speculate that there might be some long-term effects with certainty. Still, we cannot be entirely sure. Burning alone won't necessarily lead to a price hike; the project must have the potential to rise. If the project has potential, burning might positively impact the price, but if there is no use case for the project, burning won't make much of a difference. Having fewer supply coins does increase the chances of achieving a higher price, but it's essential for the project to have a meaningful use case as well. I will also say that in the crypto market, any coin can experience a pump or dump at any time.
|
|
|
|
fmz89
Legendary
Offline
Activity: 1764
Merit: 1002
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 01:09:00 PM |
|
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) in todays world many project sucessfully manipulate noobs player for the hype burned coin which is most of them dont hit circulation, aka non exist. the chain build for this hype people think decreased total cap, will push price up, this shit show still going till this day and quite effective, the only real burn mechanism is like eth that burned tx fee from transaction, technically they decreased total coin circulation by burning from fee, but as you know they printing via staking. some project burned the coin from fee/tax in transaction which is this the real burning mechanism. please educate yourself about "burning shit show" or you may want burned you holding? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . nobody want burned their stash.
|
|
|
|
eaLiTy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 02:18:19 PM |
|
~ In theory, that means making the supply less, and when the supply is low but the demand is high, the price of that token will be worth more. But for a token or coin to increase in price, there are many factors, it will not depend solely on the burning of coins. The theory is right but the problem with these projects is that, burning is just a gimmick to convince the investors, the fact is they generate billions of coins in circulation and once the price reach a certain valuation with the help of market manipulation and pump people would jump in and once the market sees a correction they would advertise that they are burning the token to maintain the hype and that might not help the token if the overall market sentiments are not in their favor.
|
|
|
|
AakZaki
Legendary
Offline
Activity: 2338
Merit: 1079
zknodes.org
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 02:18:30 PM |
|
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) in todays world many project sucessfully manipulate noobs player for the hype burned coin which is most of them dont hit circulation, aka non exist. the chain build for this hype people think decreased total cap, will push price up, this shit show still going till this day and quite effective, the only real burn mechanism is like eth that burned tx fee from transaction, technically they decreased total coin circulation by burning from fee, but as you know they printing via staking. some project burned the coin from fee/tax in transaction which is this the real burning mechanism. please educate yourself about "burning shit show" or you may want burned you holding? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . nobody want burned their stash. LOL it burns independently, Many memecoins do this technique but they don't explain the mechanism in detail. Just burning the supply so it can reduce it. Many noobs who end up getting caught up in memecoin do underhanded techniques and end up with a scam. Apart from that, the technique used is not just burning, LOCk liquidity is also a way to attract new investors who don't understand anything about tokenomics and the mechanisms inside. They don't know that Liquiditas can be drained if the largest token holder (ie the project dev) sells all of their holdings. this is just like Soft Rugpull done by the dev himself.
|
|
|
|
abel1337
Legendary
Offline
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 02:44:08 PM |
|
~ In theory, that means making the supply less, and when the supply is low but the demand is high, the price of that token will be worth more. But for a token or coin to increase in price, there are many factors, it will not depend solely on the burning of coins. The theory is right but the problem with these projects is that, burning is just a gimmick to convince the investors, the fact is they generate billions of coins in circulation and once the price reach a certain valuation with the help of market manipulation and pump people would jump in and once the market sees a correction they would advertise that they are burning the token to maintain the hype and that might not help the token if the overall market sentiments are not in their favor. It's been an OG strategy to make a token pump. So so many projects before had done it even with the famous BNB, they are also burning supply but as time goes the expected pump in price because of the burning doesn't became into reality. Many project doesn't realize that demand and supply won't work unless there's a true demand on their token. They are simply burning tokens hoping that something got a glimpse of possible price increase. Shiba Inu is known for its aggresive burning but the we don't see massive increase on their token price, it became stable at a certain range at best.
|
|
|
|
khiholangkang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 02:46:53 PM |
|
~ In theory, that means making the supply less, and when the supply is low but the demand is high, the price of that token will be worth more. But for a token or coin to increase in price, there are many factors, it will not depend solely on the burning of coins. The theory is right but the problem with these projects is that, burning is just a gimmick to convince the investors, the fact is they generate billions of coins in circulation and once the price reach a certain valuation with the help of market manipulation and pump people would jump in and once the market sees a correction they would advertise that they are burning the token to maintain the hype and that might not help the token if the overall market sentiments are not in their favor. When it comes to prices, it fluctuates quite a bit and that is a natural thing, and sometimes burning is a trigger to maintain the hype for a project that they are doing can be trusted because burning is always there to limit project supply, this can be said to be manipulation and can be said to be a action to reduce supply of circulating tokens in order to get a price boost on the remaining supply of tokens, so it depends where you look at it, because this perception can go two different directions if you don't have the same mindset, Like BNB always burns every year, and things it will certainly encourage people to buy the coin, and have the thought that one day there will be a shortage of coins which will certainly put more demand pressure on the coin.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
|MINER|
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 04, 2023, 06:18:35 PM |
|
Logically if we look at the burning issue we have to say that yes burning can have a positive effect on the value of a token. Because it reduces the supply and increases the demand and the increase in demand is more important to increase the price. But if your supply is too high then I would think this burning process is just a show to attract some stupid investors. However, it also depends on how much burning will be done here. But as usual answer I would say yes burning has some positive impact
|
|
|
|
jaberwock
Legendary
Offline
Activity: 2660
Merit: 1074
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2023, 06:19:40 AM |
|
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) in todays world many project sucessfully manipulate noobs player for the hype burned coin which is most of them dont hit circulation, aka non exist. the chain build for this hype people think decreased total cap, will push price up, this shit show still going till this day and quite effective, the only real burn mechanism is like eth that burned tx fee from transaction, technically they decreased total coin circulation by burning from fee, but as you know they printing via staking. some project burned the coin from fee/tax in transaction which is this the real burning mechanism. please educate yourself about "burning shit show" or you may want burned you holding? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . nobody want burned their stash. LOL it burns independently, Many memecoins do this technique but they don't explain the mechanism in detail. Just burning the supply so it can reduce it. Many noobs who end up getting caught up in memecoin do underhanded techniques and end up with a scam. Apart from that, the technique used is not just burning, LOCk liquidity is also a way to attract new investors who don't understand anything about tokenomics and the mechanisms inside. They don't know that Liquiditas can be drained if the largest token holder (ie the project dev) sells all of their holdings. this is just like Soft Rugpull done by the dev himself. I can't really point out if it's a good thing or a bad thing, I feel like it's going to be something to care about in the end but not in a good way or a bad way, I am not sure about that yet. Just make sure you follow it up, that's the point basically. If it's a meme project than most likely result is that it will not be that much of a big deal at all, it will not really matter to you at all, it should be important to point out. I know that it will get some others to change the understanding of burn though, because BNB has burn too and that one is better. To be fair they burn what they have and not what's on the market anyway so it's not really that much quickly changing, but at least gets rid of some of the supply.
|
|
|
|
Hypnosis00
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2023, 09:28:55 AM |
|
Logically if we look at the burning issue we have to say that yes burning can have a positive effect on the value of a token. Because it reduces the supply and increases the demand and the increase in demand is more important to increase the price. But if your supply is too high then I would think this burning process is just a show to attract some stupid investors. However, it also depends on how much burning will be done here. But as usual answer I would say yes burning has some positive impact
Perhaps, it was an attractive doings of these developers and promise positive results but as I see those projects that are into burning tokens, it looks like it only has less impact to nothing. Understanding the results, it means that burning tokens is no longer an effective way to increase price but for these developers to create a project that is playing an important roles in the crypto space. It doesn't matter if the supply is huge because it pumps when the demand is high and so the price.
|
|
|
|
Abiky
Legendary
Offline
Activity: 3304
Merit: 1385
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2023, 11:00:23 AM |
|
We all know that Shiba Inu is a meme coin, and its supply is very high in trillions, so a little burning won't have a significant impact on its price. However, we can speculate that there might be some long-term effects with certainty. Still, we cannot be entirely sure. Burning alone won't necessarily lead to a price hike; the project must have the potential to rise. If the project has potential, burning might positively impact the price, but if there is no use case for the project, burning won't make much of a difference. Having fewer supply coins does increase the chances of achieving a higher price, but it's essential for the project to have a meaningful use case as well. I will also say that in the crypto market, any coin can experience a pump or dump at any time.
That's certainly true, mate. It's not about burning a coin's supply, but rather making it useful for the whole wide world. Without utility, I don't see crypto going anywhere soon. You can see why "meme" coins ultimately fail because of their speculative nature. They're only driven by hype, instead of concrete results that would change our world for the better. That said, don't underestimate the power of burning on a coin or token's market price. It positively influences market prices, making the crypto asset more valuable over time. Depending on how much of the supply is circulating, the effects can be either immediate or take a longer time than usual. It's up to you to choose the right coins by doing your own research. As long as you don't invest more than what you can't afford to lose, nothing else matters. Just my thoughts ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|
Questat
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2023, 01:25:10 PM |
|
It was before as I witness huge changes in its price but for now, it somewhat looks different. That is why I don't want to believe such words saying that it helps to a price increase because what I see is that it doesn't matter much many is the total supply, as long as it was a legit project, it gradually grows from time to time. In fact, so many projects have a huge market cap but still, they are able to pump during the bull season which means that they really have the potential despite it's number.
|
|
|
|
avp2306
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2023, 01:42:01 PM |
|
It was before as I witness huge changes in its price but for now, it somewhat looks different. That is why I don't want to believe such words saying that it helps to a price increase because what I see is that it doesn't matter much many is the total supply, as long as it was a legit project, it gradually grows from time to time. In fact, so many projects have a huge market cap but still, they are able to pump during the bull season which means that they really have the potential despite it's number.
Sometimes this is just a counter measure done by a dying project so that they can revive it back and maybe try to gain the attention of their old investor then convince them that there's something good to happen on their project and use that bull season as their main tool to hype the people following their project. Hard to find legit project nowadays and maybe for now its good to buy and trade any of those new crypto while they are in bullish condition since its hard to get stress when price drop came or it became a total scam.
|
|
|
|
TimeTeller
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 06, 2023, 07:26:52 PM |
|
It was before as I witness huge changes in its price but for now, it somewhat looks different. That is why I don't want to believe such words saying that it helps to a price increase because what I see is that it doesn't matter much many is the total supply, as long as it was a legit project, it gradually grows from time to time. In fact, so many projects have a huge market cap but still, they are able to pump during the bull season which means that they really have the potential despite it's number.
Sometimes this is just a counter measure done by a dying project so that they can revive it back and maybe try to gain the attention of their old investor then convince them that there's something good to happen on their project and use that bull season as their main tool to hype the people following their project. Hard to find legit project nowadays and maybe for now its good to buy and trade any of those new crypto while they are in bullish condition since its hard to get stress when price drop came or it became a total scam. Or better yet, this is the strategy of those projects who want to attract naive buyers. Saying they are burning, to reduce its supply and so it will possibly contribute to its price increase. However, we should take note that the increase may not only come from the decreasing supply. But in most cases, it is how the team is progressing with their actual developments on the project. Without visible movement on the platform, hard to expect a gradual increase on its price in the market. Burning some of their supply will only help if they will also do some action on their coin itself.
|
|
|
|
|