Is burning of unsold tokens is good for ICO???? - page 11.

ashmodeus

hero member

Activity: 1638

Merit: 518

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject? Huh

". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

the logic reason for me, it's good
absolutely good for it project.
why ?
if the unsold token still on address,
i just think it will be make some miss understanding for some people.
for example, all unsold token will be add on coinmarket data.
anyway, about help for comunity and project development, i think the team already allocated some fund for it.
why they need more .
it's not help too much for me,

engwenqu01

newbie

Activity: 56

Merit: 0

Destroying tokens is definitely a good thing for the project, and everything is the same. The lower the quantity, the higher the price. Many projects will find ways to destroy tokens in the later stages to promote price increases. This is indeed a very effective method.

Kwansimaa

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Absolutely..burning of tokens that were not bought during token sales is a very strategic way of keeping the intergrity and value of a token because in a lay man terms if the the amount is quite limited then its demand is definitely going to increase if the project upon which the token is developed is a potential one.

Greenw87dpecker

jr. member

Activity: 152

Merit: 2

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject? Huh

". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

I don't understand how it works, but it really does. I've seen price increases several times after burning tokens.
You are wrong, these tokens cannot be used because they give the team the ability to manipulate the course. Maybe this is the reason for the increase in prices after burning?

vishudda

member

Activity: 406

Merit: 10

yes it is, because the market runs and the currency price raised when there is a demand and less supply along with the coin potentiality. If the coin is potential and the coins are more, the price never inclines. If the coins are less and the coin is not potential it is waste even there are less coins.

For good projects, it is better to circulate less coins and burn the unsold coins.

rumoo42

newbie

Activity: 56

Merit: 0

It is a good idea to destroy tokens that have not been sold. Because the number of current projects is always too much, their prices are already very high. If more money is needed for further development, this is officially the most lacking.

sergiokkl

member

Activity: 258

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If they reach 100% of token sold out there is no token burn because usually burning is just for not reaching the hard cap. So for the development funds, I'm pretty sure team has keep tokens for that and the ICO token is nothing important so burning and make the circulating token are best. What if they keep it on their wallet and anytime they can sell all and that's the worst thing. Price will drop rapidly

linkHA

member

Activity: 266

Merit: 10

I think it might be a good idea to destroy them all.
Because a smaller total means a smaller market value for the token, investors are more likely to get a bigger return.

kirstiemorton23

jr. member

Activity: 280

Merit: 1

I think burning tokens is necessary to prevent abuse and fraud, we all know the purpose of token burned to tell the number of tokens that have been scattered and no residual, I think it's fair and accurate, token in circulation can be traded, the law of supply and demand will work great in this way.

FreakSau

newbie

Activity: 34

Merit: 0

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject? Huh

". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

Yes, after burning, the amount of supply token will decrease, it helps the price of token goes up.

chocolah29

full member

Activity: 588

Merit: 128

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject? Huh

". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

It can help the community either but we should be thinking in a long term benefit. If the team didn't burn the token the price won't increase because of its huge supply. Yet of course there should be also the demand as even the supply is few yet no one wants to buy it then it will be useless. On its contrary, even the supply is huge yet the demand is high the price will likely increase, more often the burning will just help to increase more.

TheWalkingCoin

full member

Activity: 532

Merit: 100

Many ico is never reached of their ico sale target, excatly when they want to sell about 10,000,000 ico token but the investor only buy about 7,000,000 ico token, missing 3,000,000 token will burn by ico owner and its very good ideas to make their ico have higher price when listed on exchange market. if keep and never burn their leave token maybe price will be drop and lower when their ico listed on market.

ashlyvash00

jr. member

Activity: 434

Merit: 2

Yes it will good for the token and ico. Because as far as i know if a token have less supply the demand will be increase just like bitcoin .

Saint1990

member

Activity: 196

Merit: 11

Quote from: batang_bitcoin on July 18, 2018, 05:48:26 AM

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

My question is very simple " Is burning of token really helps ptoject? Huh

".

Yes, it makes the supply lesser to enforce the demand higher.

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

Apply the law of supply and demand so if you think that doesn't help the project, it's your opinion and everyone has their own points too.

Thanks for your suggestions but tron burned 1BILLION tokens that doesn't help it's price to grow. Also the binance burns it's native token BNB that also doesn't show it's price growing. We can say these are already successful projects. I want to know more about NEW ICO projects. The above things applies to new projects too but the team of the project should be honest and no body shows honesty in cryptocurrency world's. As these unburned tokens can be dumped by the ICO project management too.

GREENch

full member

Activity: 1400

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Burning, of unrealized during the ICO, tokens should positively affect their price. Of course, provided that the project has reached soft cap and developers have the necessary financial resources to implement their plans.
Look at the Binance and their BNB token.

stasiulman

full member

Activity: 378

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The deflationary model assumes that the price of tokens is growing, in medium and long terms, this is possible only in conditions of a limited number of coins. Those, with limited supply and unlimited demand conditions, then ideally the price should only increase, for example like gold holding.
But such model doesn't suit all project, and sometimes it's only loud words for luring investors.

batang_bitcoin

hero member

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Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

My question is very simple " Is burning of token really helps ptoject? Huh

".

Yes, it makes the supply lesser to enforce the demand higher.

Quote from: Saint1990 on July 18, 2018, 05:44:36 AM

I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

Apply the law of supply and demand so if you think that doesn't help the project, it's your opinion and everyone has their own points too.

Saint1990

member

Activity: 196

Merit: 11

Hello friends, lot of ICOs failes to achieve 100% sale in their crowdsale. Most of the ICOs mentions in their terms and conditions that unsold tokens will be burned. My question is very simple " Is burning of token really helps ptoject? Huh

". I am of the view that burning of the token doesn't help the project and I feel instead of burning unsold token it's better to use them for community and project development.

Topic: Is burning of unsold tokens is good for ICO???? - page 11. (Read 1496 times)