burning token - page 6. | Bitcointalksearch.org

wuvdoll

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

It is just an act of generosity to keep your investors' faith always high. If you promise for doing so and then not keeping your words must be a kind of crime but not sure how many people will be able to find that devs are not keeping their words. Because burning is just a process of moving the tokens into some other address where they are not able to control the PrivateKey.

Basically, I like the concept of burning out tokens which are unsold as it will prevent the chances of unexpected sudden dumps. But for this to be happening in real life, devs must be honest enough. So, it is similar to just another part of their roadmap as we do see, many projects had come up with many plans but they were not at all following them later on.

I have seen many projects went for burning out their unsold tokens still they have got unexpected dumps. There could be many reasons for this and the prime one must be devs may not be honest as they sound.

Turkish88

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Its only team decision.
Burning tokens better for the team because it increase price and tema allways keep some part of tokens for developing.
Initially its can be calculated how one amount of moneys, but after burning price up

CryptoTech_

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

it depends on the initial agreement before it all starts, if they promise to burn the token unsold but in fact it doesn't mean it's a crime, and vice versa it doesn't become a crime if there is no agreement to burn unsold tokens

Ranly123

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

Burned tokens can be seen in the smart contract. So the devs cannot deny burning their tokens if it is what they have stated in their plans. It would be a good sign that the price of those tokens will not drop if the unsold tokens will be burned, so it would benefit investors.

anume123

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Quote from: gwaposakon on February 05, 2019, 02:24:25 AM

Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

I don't think burning token be the developer is a crime. But more on being transparent to investors that promised a number of coins in circulation are controlled. Aside from this, burning lowers the availability of coins in the market. If supply is low and demand is high, the coin may increase its value in the market.

That's correct to decreased the tokens supply that the coin will have a big potential to increase but token holders is depend also if they put their tokens in the market also. So they can calculate all tokens with the exact supply of burning.

gwaposakon

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

I don't think burning token be the developer is a crime. But more on being transparent to investors that promised a number of coins in circulation are controlled. Aside from this, burning lowers the availability of coins in the market. If supply is low and demand is high, the coin may increase its value in the market.

Pffrt

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Of course it is an unethical practise. If dev team promises to burn, they must burn. Otherwise, it will be a fact and investors will barely invest in this kind of coin. Anytime dev team may dump those coin. That is why I suggest people not to invest in this kind of coin.

VadikZimnyayaRezina

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Quote from: Sri rahayu on February 04, 2019, 09:34:05 AM

Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

yes, and that is indeed a common strategy for a project, for reasons of increasing demand because goods are scarce and prices are increasingly expensive, and that is for projects that are running and developing, not for dead projects. there is no general requirement to burn tokens, it is only to make investors who join have hope that prices will rise sometime and there was no massive dump carried out by their team from unsold tokens.

And ideal for any project is the rise in the price of a token due to internal resources, and not a decrease in its volume. It is because of this that the token will never be in the top of the list of all coins, and will be used only for profit and immediate reset.

Perie200

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Guys do you think the developers of the project burn 20 million tokens, it was written in white paper, burn them on the specified day, the price of the coin should grow? My trust in this project has grown greatly.

umbara ardian

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Quote from: perla on February 04, 2019, 07:45:48 PM

Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

From what i know is dev not really will burn their tokens easily. Sometime they wait for right time to do it or maybe it will fixed when it is on their roadmap. Maybe you can check their roadmap, when they planned to burn their tokens. If not there so we must wait for that moment.

from the burnt token allocation that was created, it actually can provide good news and can have a good influence on the price of the token because it will definitely be very expensive and that happens because of the influence of the fewer allocations available and it will be very difficult to be able to get tokens. while for the development it depends on the team behind the project and the allocation should not affect the project plan.

libert19

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There is no such requirement, burning token mechanism is usually sold to investors as 'less tokens, more price'.

djuragan

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

What i understand behind the idea of burning tokens, used to keep the value of a tokens, with lower amount of supply on a coins, it surely able to maintain the value of the coins, cause when the demand of the coin increase in a limited amount of total supply, it surely able to pull the value of a coins sky high.

nreal

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Burning token is necessary, and it can easily be verified. Some projects like Exchange have a long-term tokens strategy to increase the value of the token over time. They use a portion of profits to buy token and burn.

shad_ow90

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

I suppose that you are understanding wrong about if they don't burn their tokens, they are a crime. No, there are many projects don't burn their token when the ICO process ends and it depends on their stratergy and this thing is not requirement

patz22

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Most will say or even based on statistics burning token supply will even increase the value of token - supply and demand. But that is just a small factor because for me it will still depend on the team on how they manage to control the price I mean on how they will get more hodlers and investors so that their business will grow.

boyz97

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Quote from: perla on February 04, 2019, 07:45:48 PM

Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

From what i know is dev not really will burn their tokens easily. Sometime they wait for right time to do it or maybe it will fixed when it is on their roadmap. Maybe you can check their roadmap, when they planned to burn their tokens. If not there so we must wait for that moment.

burning token would not give huge impact actually if the developtment progress run slowly, many projects already show us..investors think they need roadmap runned as faster as they want.so it will make new investors interested.

perla

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Quote from: ginobitcoiner on February 04, 2019, 08:58:15 AM

I often read and heard about burning tokens that were not sold when the ICO project was finished, I also knew that by burning the rest of the token was a strategy so the price of the token didn't fall, but if the DEV and the team didn't burn it was a crime? is there a requirement that the remaining unsold tokens must be burned?

From what i know is dev not really will burn their tokens easily. Sometime they wait for right time to do it or maybe it will fixed when it is on their roadmap. Maybe you can check their roadmap, when they planned to burn their tokens. If not there so we must wait for that moment.

Denton

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I don't think it would be a crime for the team not to burn their tokens. After all, no one will follow this. But it is not profitable for them to do so. After all, it is in their interests that the price of tokens grows, so they apply this strategy.

teddyelwyn

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the headline made me think of burning man token LOL

khufuking

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The remaining tokens are usually distributed to investors, bounty participants and developers according to the % of Tokens they hold or get burned, some projects distribute the remaining tokens to investors and developers only which is not fair because the distribution of the remaining tokens means that Token price is decreased by default and by doing so and not distribute it to all party involved then you are decreasing someone cut in not direct way. Keeping the remaining Tokens to developers alone is a big no and should be not accepted. Anyway burning the remaining Tokens is the best option and with no doubt will increase the Token price and avoid all the hassle that comes with the distribution.

Topic: burning token - page 6. (Read 763 times)