Is burning of unsold tokens is good for ICO???? - page 5.

fakegurutu

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Quote from: Saint1990 on July 18, 2018, 06:44:36 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.

Burning of unsold tokens will help generate the price of the token to a higher value because the total supply for it was lessen and so the demand will rise. Although some will say that instead of burning, why not give to the investors. But for me. burning is the right way to do by those in ICO.

zalizoll

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token burns "is seen as a negative thing to the monitoring security agency when you" burn "gives you a decrease in inventory and demand increases, because it implies a bigger reward for investment, this is considered as security by most.So if the token is considered as security and not filing the right documents.

mokong11

newbie

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For me its not good, burning of unsold tokens of an ICO make effect to the price of the token once it listed in exchanger. Because it means once the soft cap and hard cap of an ICO never reach it means they'll never achieve the target fund of their project so the price of token will change it will reduce the price. and for me thats the bad effect of burning unsold tokens.

docamvan1997

newbie

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Tokens are the way to get money from investor. When they finish their duty, they will be burned. The project can create other coins which will be used in their platform.

Vinaa77

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SecureShift.io | Crypto-Exchange

Quote from: jahepahit on July 22, 2018, 08:41:45 PM

but not all ico will burn their unsold tokens, of course burning of unsold tokens is helpful because it reduces the total supply and that will make the token market price increase

it all depends on their initial policy when before doing ico regarding the rest of the unsold token. will usually be burned or else they are distributed to investors

jahepahit

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but not all ico will burn their unsold tokens, of course burning of unsold tokens is helpful because it reduces the total supply and that will make the token market price increase

republicrypto

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Keep it Simple guys :)

Quote from: Saint1990 on July 18, 2018, 06:44:36 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.

in my opinion, burning unsold token can be one from many ways to increase the token value,,
why,?
because burning unsold token is same as the project reduce the token supply, and this will make new demands with the token,
but, i see everyone here has a different view about this burning actions
regards

Mianae

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Yes it is good for the project. Token burn reduces circulating supply and as such propels high demand and when they is demand for a particular thing the price tends to go p. Not only this, token burn after ICO breeds more trust for such project. On a general note is a good course.

wumBowo

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tozex.io

sure it's good, if they tend to keep the unsold token for future plans it's actually bring worry to the investors.
Hence, people might avoid the coins and this will bring the values of coins keep decreasing

sussan

newbie

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You may be right, but burning helps the price.
When supply is small and marketcap is good enough, then price or value increases, which I'm guessing is what investors really want. So yes, it helps

danggoron

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Yes, it is very influential to control the number of coins in circulation. Based on my experience, after unsold tokens are burned, price movements tend to be faster and more stable.

GFE

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Overall burning of unsold coins is good. It support coins price. So it will be good for investor anyway. Also it is rather usual practice for ICO

vrabac68

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Yes thats one of the good thing about ICO because it has great affect on the future price because of the limited supply. But you should always research so many things of the ICO beside burning tokens like the team and their website,their usecase in the future,mvp,roadmap etc....

coinholic

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Quote from: Saint1990 on July 18, 2018, 06:44:36 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.

Check the articles in the links below. These will give you a general concept on the effect of burning unsold tokens. Basically, the idea of burning tokens is good and very beneficial for investors and users/holders. You will know how and why in these links.

https://www.forbes.com/sites/eidoo/2017/11/29/token-burning-and-other-crypto-jargon-simplified/#78c148e54c4b

https://ethereum.stackexchange.com/questions/34788/why-are-unsold-tokens-burned-after-ico

Pamahaw

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Quote from: OmarGsPools on July 22, 2018, 07:12:14 PM

Usually the burning of tokens that aren't sold during ICO gives a positive result in terms of increasing the value of tokens and the favorable result is reflected because the supply of tokens has decreased.

It is obvious that if they burn tokens the supply will of course decrease. Is it mandatory to all the ICOs to burn unsold tokens? What if they will not burn the unsold ones, does it have effect on the project?

TomArayaSlaya

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https://hovr.site/

Quote from: Saint1990 on July 18, 2018, 06:44:36 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.

Is not really a bad idea to burn man i mean sometimes it might help increase token price once it hits exchange and there is a high demand for it in the market

OmarGsPools

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Usually the burning of tokens that aren't sold during ICO gives a positive result in terms of increasing the value of tokens and the favorable result is reflected because the supply of tokens has decreased.

retnoanjani

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I think it's good because it can affect the amount of supply in the market when the price of demand rises then the price tends to go up anyway. Price movements will be relatively faster.

Rrtt

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Quote from: Saint1990 on July 18, 2018, 06:44:36 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.

In my simple opinion, burning of tokens will lessen the supply thus making the token's value to go high. I have seen this in situation wherein they burned token and later the token's price appreciate. Just don't know if it is applicable to all situation.

The Crypto Peasant

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Burning any unsold tokens being a good thing can be completely dependent on what countries regulation the token sale is abiding by.

due to all the new regulations coming through "token burns" are looked at as a negative thing to the monitoring security agency. when you "burn" tokens you a decreasing supply and increasing demand, therefore implying at a greater reward for investment, this is deemed as a security by most. So if the said token is deemed as a security and does not lodge the correct paperwork and register as a security then there are problems.

there is a few ways around this, instead of burning said tokens, move them to a 'commodities fund" to help onboard people to the platform later on.

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