Token burning | Bitcointalksearch.org

Pasutinmeur

full member

Activity: 302

Merit: 100

Quote from: marcous on August 16, 2020, 09:35:27 PM

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

I think it's useless if a project burns its tokens, it will only increase the price for an instant. a project must continue to develop the project and always update it.

It will not increase the price again right now and so many things have already changed and the traders and pumpers were seeing the project based on the product. So many coins that were doing regular burning token process have already dumped to the bottom again.

Smitty Werben Man Jensen

full member

Activity: 1568

Merit: 100

COMBONetwork

Quote from: Pecunia non olet on August 17, 2020, 04:14:08 AM

It is a strategy on how to make more valuable 1 token by reducing the supply. It is based on mathematical model. Price is affected by current supply and market capitalization. If you reduce supply, the price of one token should grow naturally.

yes right, one of the investors' favorites is token burning, just imagine if the supply of coins is getting less, and there is a lot of demand,
the price will also increase, of course this makes the future even brighter

hrunya102

member

Activity: 546

Merit: 11

There are different burning procedures, but often this does not significantly affect the price, although it may have a positive effect in the long term.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

It is a strategy on how to make more valuable 1 token by reducing the supply. It is based on mathematical model. Price is affected by current supply and market capitalization. If you reduce supply, the price of one token should grow naturally.

leea-1334

hero member

Activity: 2352

Merit: 953

Temporary forum vacation

Quote from: marcous on August 16, 2020, 09:35:27 PM

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

I think it's useless if a project burns its tokens, it will only increase the price for an instant. a project must continue to develop the project and always update it.

I said it before. Tokens are like supermarket points. You know the ones you get when you shop. Buy $100 worth and get extra 50 points, and you trade them in for prizes or discounts.

Token burning is like saying the supermarket will invalidate the points,,, what is the value of something created from nothing and based only on what the issuer says it is? Nothing.

Francis Freeman

hero member

Activity: 1005

Merit: 502

Sovryn - Brings DeFi to Bitcoin

Personally I am not a fan of token burns scheduled to reduce the supply of the coins. Burning unsold tokens during ico is fine but future burns aren't necessarily a good thing.

ice18

hero member

Activity: 2492

Merit: 542

Quote from: Rubick99 on May 15, 2020, 04:24:58 PM

About 2-3 years ago many ICO project that using this event to decrease their token supply and hopefully that token will be expensive as a supply and demand law. But in fact, they just have less demand and then this project ignored. Don't trust this marketinf strategy anymore. Event big coin not using this.

This are the deflationary shitcoin projects with no usecase they are created just for price speculations or pump and dump scheme only developers can profit in this kind of project but there are also very legit new projects this days with deflationary feature and real developers and they are mostly defi sector like myx, lid,trustswap.

Free1bitco.in

hero member

Activity: 1624

Merit: 500

As far as I know, burning unsold tokens has the aim of keeping the circulating price of tokens that have been sold stable. Well, it was an attempt to stabilize the price or get higher. therefore, tokens that are not sold are burned, so that there is no circulation cycle for unsold tokens. if not burned, the token has many resources so that it becomes worthless. if not burned, it can dump the sold token price.

erikoy

full member

Activity: 686

Merit: 125

Burning of tokens will help somehow if the project is working and has demand for it from the users. The supply of the said tokens will reduced to which its coin market price will also affected and probably get an increase depending on the total percentage of tokens being burned.

However, i agree that token burning useless if project has no demand. It will just be labeled and categorize as shit coins in the market. There are many of these now that people are not interested in investing anymore but creating projects to scam other people. Sad but this is the reality in most of the project.

Aaroenz0r

full member

Activity: 504

Merit: 100

Option Blitz

Quote from: X-ray on August 17, 2020, 12:14:58 AM

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

Burning the token will not bring the token into the positive trend until the token itself will have offered a good features to the holders. I should remind you that if the usability of token means a lot and in this case the token burning means nothing against it. People very know about this and they avoid to invest in the burning token without real product.

I agree! Although some how burning tokens can reduce the total supply, hence, increases the value of the token. However, it's not likely to happen when the project doesn't develop. The project needs to have some real developments or applications that can benefit investors. In this case, they will decide to invest more and more that increase the value of the coin. Otherwise, burning tokens doesn't bring any positive result!

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I work in a project that burns from business profits regularly and now they have issues a quarterly burn. Eureka Network has burned so far over 40 million coins and yesterday they did another buy back in order to burn coins. I think at this rate the supply will decrease nicely and there will be more and more value added to it intrinsically because of all the partnerships and utility they are adding every month in different ways. They earn both from offline activities and online ones which is bringing the coin to increase gradually in value over time through adding REAL VALUE and a deflationary supply.

X-ray

hero member

Activity: 3094

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

Burning the token will not bring the token into the positive trend until the token itself will have offered a good features to the holders. I should remind you that if the usability of token means a lot and in this case the token burning means nothing against it. People very know about this and they avoid to invest in the burning token without real product.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: khiholangkang on August 16, 2020, 09:46:46 PM

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

It depends on the project, token burning will be effective if the token has market demand, and burning will make it easier to increase the price. However if a token has no demand, burning will have no effect.

The after effect will be seen by investors if the team really working hard to offer more updates coming from the projects, if there are demands this action will bring the value of the coin in a much higher price.
It's very important for the team to continue providing useful information and better marketing strategy to bring investors inside.

khiholangkang

hero member

Activity: 2226

Merit: 610

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

It depends on the project, token burning will be effective if the token has market demand, and burning will make it easier to increase the price. However if a token has no demand, burning will have no effect.

marcous

hero member

Activity: 2478

Merit: 512

Leading Crypto Sports Betting & Casino Platform

Quote from: denasha92 on August 16, 2020, 06:40:31 PM

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

I think it's useless if a project burns its tokens, it will only increase the price for an instant. a project must continue to develop the project and always update it.

denasha92

member

Activity: 616

Merit: 10

i've seen some projects that burned their tokens. they said they will recover the price in the market. some projects burned their token when the price is dumped. but in the end, it doesn't affect anything with their price. i think token burning worthless to do.

restuibu

full member

Activity: 994

Merit: 100

it all depends on the usability and demand in the market, many projects are trying to reduce the total supply by burning tokens but all in vain, they are not aware that their project is not in demand. such a project even if it will burn all existing tokens it will still be useless, burning tokens only creates hype

mksundip

full member

Activity: 726

Merit: 100

Quote from: JeromeTash on March 18, 2020, 04:17:56 AM

A token burn is still useless if there is no demand for the token. Most projects do a token burn hoping that the price will rise due to less token circulation but this doesn't work if there is no demand.

It's the most useless process i have ever seen around in economical aspects.

yes right, there is no effect whatsoever from the token burning. because so far there have been many wrong perceptions. I think they are burning tokens by publishing it to the public and hope that the price can be pumped. but in reality that is not the goal, actually the pump price if the traffic movement on the exchange is large and also the purchase demand is high. that's the main goal. so burn tokens like a futile act

WannaCry

full member

Activity: 742

Merit: 101

token burning is no use if the project is not performing properly.. may believe that when a project burn a portion of their coin the price will go up because it will limit the supply, its wrong!!

coinswebid

sr. member

Activity: 1092

Merit: 250

Quote from: SheriffEl on March 18, 2020, 03:46:16 AM

Hey

I have noticed a few projects that developed a deflation system for their coins/tokens called burning.

They burn their tokens on a special occasion or simply when someone pays their product with the native token. They burn few percent of the price.

What do you think about this? Imo, if people actually buy the produc then it can really reflect the price of a coin?

Let me know what you think.

i think tokens or coins burning is one from many way from the dev team to increase the value from their project
because this actions will reduce the supply, and less supply will bring more demands, and more demands will push the price up, sometimes in slow movemnts, sometimes in fast mode buddy

Topic: Token burning (Read 1233 times)