Token burning - page 5. | Bitcointalksearch.org

havoc928

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Quote from: Teraboy on May 05, 2020, 11:21:41 PM

Quote from: $anounimus$ on April 29, 2020, 09:17:46 AM

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.

You said incorrectly, Pundi X has really had success in burning tokens and at that time its price increased sharply. but only now when people found out that the business was not performing as planned so investors got out early. Therefore, in this case, Burning token is still one of the great things to help the price increase in the short term. but in the long term, we must consider the success of the project plan.

Teraboy

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Quote from: $anounimus$ on April 29, 2020, 09:17:46 AM

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.

Silber

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It make a difference, if they have to buy the Coins to burn it or if they just burn the Coins, wiche they already have from the ICO/Pree-Mining-Coins.

The latter don`t have an effect on the price, because it doesn't`t increase the demand of the coin. But the first, If they have to buy the Coins to burn it, will push the price longterm.

TimeTeller

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Quote from: Saichoukyushin on May 05, 2020, 06:54:30 PM

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.

Token burn sometimes used to hype some projects because the circulating supply would be lessen but for me it was the demand of the project or the project itself if it was good project then the demand would be increased, but sometimes when the project has token burning then the price increased than expected.

I agree with that, some projects only used it for marketing purposes.
If there's no actual usage for that particular coin or token, even if they burn all their tokens, there's no use of such action.
Burning will only be useful in aiming to elevate its price if there is actual application for that particular project.
And with the decreasing supply along with active application, it will drive its value upward.

Saichoukyushin

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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.

Token burn sometimes used to hype some projects because the circulating supply would be lessen but for me it was the demand of the project or the project itself if it was good project then the demand would be increased, but sometimes when the project has token burning then the price increased than expected.

leatutz

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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 don't understand so much about burning token. How rest of the token use for distribution. Some legit projects has burning process which is good for investor and also for hunters. Still in new any projects, I'm ready to take any information of token burning process.

7788bitcoin

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Quote from: pixie85 on May 05, 2020, 03:52:01 PM

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.

pixie85

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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.

OneLifeKiller070

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If any kind of logistical support is needed here, just as a burning company does not come forward, it will not be on the basis of demand or demand, even when you face a problem for some reason. So my advice would be to keep printing them.

ahmedtanjid

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Token value depends on supply and demand. If token have high demand then the price will increase indeed but if the token have less or no demand at all then so called burning won't do anything. I see a lot of projects create hype about this silly matter. They wanna catch investors eye by telling them " this is a deflationary token, so when someone made a transaction it's total supply will reduce and therefore price will increase bla bla bla..." Actually this is a worthless feature in a token.

mdzahed134

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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.

Also demanded tokens burning in so many projects BNB as an example among of those. Sometimes it’s working i saw in few tokens. Definitely you can say at this times it’s way not working. But at this point absolutely correct, useless project never increase after burn. I noticed a project Azbit is a big proof, they burning weekly but no pump yet.

AutomaticTrade254

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If the main purpose of this process is to increase the demand for coins then I would say that they must be linked to some scammers. Because when a coin or product is able to create a desire on the consumer's needs, it does not have to be solicited or pursued in a different way to create the demand. Thanks

forexandcryptoauditor

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Token burn concept shows that there is no demand. To increase the demand and lower the supply, project thinks that price will increase, which is not the real scenario. While creating tokenomics, we see huge millions or billions of coins/token supply. Do team think about future that there will not be demand if supply is so huge?
This should be taken care by team and project advisors.

Ezravdb

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burning token steps is good enough to increase the price of token, The developers implemented the Token Burning Strategy to provide intensive for loyal investors. Well we see BNB where last week they burned nearly 3 million BNB, of course, a pretty good step for the future of BNB. The burning of token which is done every quarter will have a big impact to attract investors.

InwardContour

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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.

In the past token burn was a catalyst for pump, with time that factor changed. Burn news wasn't really moving the market for a while now, but recently, i was shocked that SOL burn news caused an immediate pump for the coin. I made 20% profit from SOL due to that FA. However, coins like BNB, KCS etc keep announcing quarterly burn and it now looks normal. Coin burn for me is ok, it reduces circulation, hence improves price.

gunungkembar

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Quote from: doctor877 on April 29, 2020, 08:11:00 AM

There is no point burning what is not widely used and what is the purpose of burning ? Is it to reduce supply or circulation? It still won't have any effect and not going to be necessary. You can burn your tokens as IEO/ICO leftover or at a specific time to reduce the supply. A burning model for transaction is dead at arrival especially for a struggling project. The idea is not enough to attract investors.

but in my opinion with adnaya burn tokens can reduce the volume of the supply of tokens and can increase the price of tokens because it will be increasingly difficult to get tokens so that prices can go up, so burn tokens are a very smart choice to improve the price of tokens at the exchange place.

heygeorge

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Quote from: Questat on April 29, 2020, 08:03:29 AM

No, it depends on the project, if the project is not getting the attention of the investors, they will not get a positive effect for tha token burning.
Both are really separate, bitcoin would be successful but it will not happen to its trading pair.

Just for knowledge and the others who might not know just like myself, how can you explain about the similar graph of BTC and projects with its pair excluding any project related incidents talking only about having a BTC pair?

$anounimus$

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This is one of the strategies made to attract market demand, Sometimes this method is considered successful even if it is not permanent.

FlagstaffRevel235

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Token burning is a process whereby the coins associated with the token are associated with the principle of value addition or price reduction. The process may increase the market activity of the coins exactly, but in the future it creates a non-profit situation in the market situation. Which is a threat.

BlackFor3st

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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.

Burning is a process or a tactics of other project owners in order to make sure that their tokes/coin price will grow. Once the supply will continue to decrease while the demand will continue to increase then it will trigger the increase of their currency prices.

That is why the other project owners are implementing a buy back option and burn process just to achieve their goal and to gather some investors also because investors will surely to gather if they can see a potential increase of their investment.

Topic: Token burning - page 5. (Read 1210 times)