Topic: Token burning - page 3. (Read 1210 times)
I support burning and buy backs but i think they effect will come when the market will be bullish also remember that there are many other factors also involved in pricing and value of a token other than burning so when most of these factors become positive only then we see increase in demand and value.
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
It's a pointless act if you ask me. It doesn't matter if something is rare because rarity doen't equal value! Rarity can boost value if there's some utility or beauty somewhere in there but rarity alone will not achieve anything.
Excrements of white tigers are very rare but are they valuable? You can't make a gold ring out of shit just like you can't turn a worthless token into a valuable one by cutting its suppply in half.
This is one of the strategies made to attract market demand, Sometimes this method is considered successful even if it is not permanent.
If the burning token comes from the pre-mined coin and that will not give any impact to the price. I can teach you if there were so many projects that have already implmented this just like pundi have been getting a very difficult time because it has become useless token. The token burning idea without come from the profit that already got by the company will be totally useless.
If a coin don't not have good liquidity in the market the price will still go down . usability is most Paramount in any project. Burning token can't push price up if the token is not useful.
Some project have token burning schedule to increasing their token price.
But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.
It's true but this is not a good process anymore. Token burning had been a process even before, it is used to decrease the supply and increase the price for their holders. But this is becoming useless because project developers are not applying it in the correct way. They most likely do this process even without the demand. So, basically they are just applying it to try and have the possibility of having more investors which won't happen because this can't attract new investors anymore. But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.
Token burning refers to the permanent removal of existing cryptocurrency coins from circulation. The practice of burning is common in the industry and is quite straightforward. ... Token burning is similar to the notion of share buybacks by publicly owned corporations, which reduce the amount of stock available.
in Most cases token burning is good for fast rising project and not project that its hardly seeing demand, if care is not taken it will be useless
in Most cases token burning is good for fast rising project and not project that its hardly seeing demand, if care is not taken it will be useless
Some project have token burning schedule to increasing their token price.
But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.
But this is of course not free, the team will need to cost some money to buy so they can burn it.
And i think it is a good sign of project, because the team is in fact, care about the value of their token.
Token burning, buybacks, staking, everything artificially pushing the price up. Look how many coins we have and how many are really used for everyday life? They try to attract investors only on these buzzwords, but there is no value in the background.
I rather see buyback programs done by the core team because they have to spend money for buying tokens from the users. So this can bring price up, but burning token from the team reserve doesn´t ensure price pump. 
Token burning to me is a good innovation, when used at the right time, gone are the days when people rush to buy a token because of token burn, now the token should have a good working product,then if there is news surrounding the project with the token burn news then it's going to help the price alot.
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
Yes, and this old method is still used by some token developers at this time, because it still looks very effective in making pumps for a token in the crypto market, so even though it is an old method, it is still very feasible to use. 
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
of course the method is very cool, but only for coins or tokens that have a lot of total supply, and that is very popular with new projects, and for large projects I don't think Burn Tokens are a priority, look at Ethereum or Ripple, they don't use this method
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
Old method that never really worked if you ask me. I mean, the economics is sound but when tokens that are shitty in value are halved by burning 50% of supply, as I've even seen in the past, the price never doubled, maybe temporarily but I keep seeing token burns result in even lower prices. People who think BTC price will x2 after halving should also see this lesson.
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
of course the method is very cool, but only for coins or tokens that have a lot of total supply, and that is very popular with new projects, and for large projects I don't think Burn Tokens are a priority, look at Ethereum or Ripple, they don't use this method
I don't think burning tokens really affects the price of tokens to be high. projects usually aim to burn their tokens to attract investors or reduce the amount of the supply of tokens also does not always make prices high. all this depends on the marketing of the project team and the demand and supply in the market.
“Burning tokens” actually is a old method for making that token or that coin rare . It is cool method knowing the fact if the offer is bigger than the demand we know there will be a pump
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 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 stand to be corrected, I have not seen any deflationary token that is still successful till date. The advent of deflationary tokens brought a new spirit into Cryptos industry and many of us thought it's going to be a good idea because it will create a kind of scarcity and thereby increase the price when the demand is high. Unfortunately, this didn't work out as demand for deflationary tokens was nothing to write home about. I still have some in my wallet now that is not making sense at all.
Many shitcoins try burns and swaps to decrease the number of coins in circulation.
A nice example of this is BTK (bitcoin turbo koin) which is a total shitcoin that did just that and still failed. After their swap the coins became worth more per coin but if you held and went through the swap you still lost and had coins worth less fiat money overall.
Increasing the value of each coin did not make people buy it. The majority kept dumping.
I think you lost money in it and so does majority who invested during the ICO boom, it was a trend for a period and thousands of coins and token projects are dead who had similar deflationary mechanism. People jump into these market to make a quick profit and investors who are going for the HODL in these tokens and projects will end up loosing their investment and become the bag holder.A nice example of this is BTK (bitcoin turbo koin) which is a total shitcoin that did just that and still failed. After their swap the coins became worth more per coin but if you held and went through the swap you still lost and had coins worth less fiat money overall.
Increasing the value of each coin did not make people buy it. The majority kept dumping.
I've never owned BTK, but I know how it was doing, just like I know a lot about some other POS coins like Bitcoin one.
I did some research into them but after all they've proven not to be worth the money.
Really, you don't have to be a bagholder to have some negative things to say about some of those shitcoins.
Token burn dosent mean much , sometimes it might be lack of good plan . Most times it might be just to show transparency or to discard excess tokens. But the demand for the coins is the mist important
I will take binance token burn as the best example how this idea will not give a lot of impact to the price of token. Basically, when it comes from the profit that has already gotten by the company and use it to buy back the token it will give positive impact to the price but this will not always work perfectly. Like you said that it doesn't matter a lot to determine the price of token. 
Token burning is often done by some project developers and aims to improve the quality of the price of the token so that it has a high sale value, but sometimes it does not correspond to reality. and of course the success of the token burning also depends on market demand.
How many of those projects that reached their goals when they have done token burning? This is done lately just to hype a project to gather the attention of investors. Many didn't actually met their goal of pumping the price of their token because investors are wiser.It doesn't mean that they will burn the token supply, there's a sure money that investors will take. This is like the marketing stunt and hyping of a token if they are not noticed.
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