Small airdrop might give people some skin in the game and be a good way to onboard them onto the exchange to buy more.
Your coins so your call on a burn. Small burns are more about PR/price bump for coins which already have attention, not to grow a base.
Your coins so your call on a burn. Small burns are more about PR/price bump for coins which already have attention, not to grow a base.
Having skin in the game means you must have risked something to be involved. If you only hold airdropped coins there is no risk to you, its basically free money. Coin burns are all hype to make those who hold the coins feel better because less is out in the wild. Burning coins is like burning money that could otherwise benefit the network through development.
I airdropped 5 Million BTCRP on coinsmarkets, which is about $1875 USD @ 5 SAT. Should I just burn 5 Million BTCRP instead? Run to the bank right now, withdrawal $1875 and throw it into a lit firepit. Does that make you any wealthier? It won't because the network is inflationary, new coins are being minted everyday. The only people who burn money are people who can afford it, like Pablo Escobar burning a million dollars cash in a fireplace to keep his kids warm (true story).
Or in the case of a network like WAVES, where only 100 Million WAVES will ever exist, then yes maybe burning coins would increase the value of the remaining coins. But coins get burned naturally all the time. They get sent to the wrong address or wallets/seed passphrases get lost, those coins are gone forever.
