Is burning of unsold tokens is good for ICO???? - page 6.

liseff3

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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.

A number of tokens that aren't produced will usually fight inflationary flows. And along with this the developers apply the burning process to each of its transactions. This thing was done to prevent the existence of spam transactions and in practice will not only prevent attacks but will also reduce the number of tokens. With the existence reduction in the number of tokens surely it can trigger a stable demand therefore the token price will certainly increase.

masterzino

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Burning unsold tokens is very good and I think that is necessary, because the number of unsold tokens can harmful for the prices from one side and can be used to manimupale the price from other side. The unsold tokens are pulling the price back and hurt the investors.

Harriti

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HEX: Longer pays better

If it's not good so I don't think there is any project will wanna burn their unsold token anymore

. It make total supply amount decrease that mean price will increase that why there are so many ICO project choose burning to make their token price rise higher although a good coin like BNB is also burned a lot

).

nemey

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Catena X

I think that burning the token unsold from ICO relates to the token supply. It will make the token supply lesser so that someday, it can help the token to have higher value easier. However, not all expectation occurs. sometimes, even they burnt the token, their price is still difficult to rise. This also depends on market. But, burning is still better than letting the tokens unsold there.

gandhe83

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Quote from: beckspace on July 22, 2018, 05:41:45 PM

There is no strict rule that burning unsold coins is good for every project. In some projects, this boosts token value, but it does not work on some projects. The project and the team must develop their work on the project.

Exactly. There are no strict rules that burning unfinished coins is good for every project. It needs a systematic cycle that follows the process. Then you can sell ICO, ...

political1907

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Yes it's good. Because when unsold tokens are burnt, value of tokens in your hand naturally increases. And investors have won at the beginning of the road.

somebadger

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Yes of course, because that is going to reduce the total circulating supply, and by this way, the price will likely go up after that token burn, and that is good for all the investors, But it also depends on how the project is going

imapd

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cave canem!

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.

As far as I know and also it seems logic that burning of the unallocated tokens is increasing the price of the rest of tokens because the total supply is decreasing by doing that, but I'm not an expert so I can be wrong.

myigitcoin

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I think it is good to small investors and bounty hunter but for long term token burn damage project potantial. if I am holder I dont interested in token burn. if team has good project dont worry it will be succesful

blozo

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Yes it is usually a good sign of a well managed ICO. If unsold tokens are put in some kind of fund or something it is not good for investors...

beckspace

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There is no strict rule that burning unsold coins is good for every project. In some projects, this boosts token value, but it does not work on some projects. The project and the team must develop their work on the project.

Beazerdred

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CRYPTASSIST.io

The fewer tokens exist, the higher the price of the token. Burning tokens can only affect the price. It seems to me that this is a good option because such actions all will be left to the advantage both the development team and the buyers of the tokens. And I do not see any other variants of the development of events if I do not destroy the remaining tokens, then what to do with them and to whom?

Gaggy185

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Adoption Blockchain e-Commerce to World

Generally, in ICOs campaigns, Token after the sale phase, if not sold, the project owner will burn to serve the development of those ICOs. This is perfectly normal and very good for the ICOs project in the later development. Thus burning the unsold Token is perfectly reasonable.

Luckycoins999

newbie

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I think Yes it will help the projects because this make supply less and increase the demand it is an actually economics theory when the supply is decreasing that time Demand will be increasing. So I think it will help the entire projects.

galekov0302

newbie

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Yes, burning helps the project a little, for example, to increase the price of the token,

Ucy

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Bisq is a Bitcoin Fiat Dex. Use responsibly

If lots of money is in circulation in a country, the money loses value. OR if a country produces lots of chickens the prices of chickens will be cheap.

Same principle applies to tokens. It is probably why unsold tokens are destroyed.. Am not very sure though.

nik9990

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First Islamic Crypto Exchange

If the creators plan to develop their product further and work on it, then this is correct.

raddish

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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.

Yours might be one strategy they migh have in mind. To me the burning of un-sold tokens will indirectly make their coins seem to be more valuable which is good for those holding their coins. Whats more is that if after the ICO their coin demand is very high which will again make the coins more valuable.

itssawai

jr. member

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Look ARROUND!

Yes burning tokens actually more helpful than distributing or airdropping those tokens to holders or investors, Burning will make supply smaller and thus there will be less number of tokens and value of each token would increase.

CrimsonGT

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Activity: 462

Merit: 100

I suppose it is a good option, so you will not be scared of the increased supply of the unsold token and it allows to fix the price level of the fixed tokens, which will be better in the future for the investors.

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