Topic: Token burning - page 8. (Read 1210 times)
The deflationary model was popular in 2019! But the idea was pure garbage, almost every deflation projects are dying or they have zero volume! I have no clue that How can a self-destructive model be good in the crypto industry? I saw Nuke, Blockburn, Fuze, Burst and so on and now they all become shit project!
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.
There are various projects that burn their tokens or coins after ICO or IEO and usually, it is done to remove unsold tokens from circulation as an incentive for investors or traders participating in the ICO or IEO project, and usually with the burning of tokens of course this will maintain the value of the token be more stable but the most common reason is to increase the value of each token by reducing the existing supply.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 theory, fewer coins available for sale and on the exchange mean that each individual token will be more valuable.
Real example we can see now how BNB coin continues to experience price stability and is far higher than the price of ICO they only 0.1 USD in 2017 ago.
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.
It has been explained many times that such a thing is useless if the coin has not a real use case, if the only attractive aspect of a coin is that from time to time some of its supply is burned then stay away from that coin, as we know there are two aspects that make something valuable, one of them is the supply but the other is the demand and as such even if something is scarce if no one wants it then that something is going to have no value at all despite the small supply. 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 saw a lot of projects where team burned their tokens and most often it did not bring anything good, but there were cases when the price of the token grew, therefore, the burning of tokens is rather a plus than a minus, so I support such projects that burn their tokens at the right moments.
If for the long term process and the team behind the project is really serious in continuing the developments of their project burning coins is helpfulto earn better value of their coin.
It's depends from developers perspectives and how the supporters will keep waiting for more progressive developments and usages of their project.
I don't understand what difference it makes for an investor to hold 100 coins at a price of $1 or 1 coin with a price of $100. In the first and in the second case it will be $100. Therefore, I have not seen that burning tokens leads to an increase in their price.
I saw a lot of projects where team burned their tokens and most often it did not bring anything good, but there were cases when the price of the token grew, therefore, the burning of tokens is rather a plus than a minus, so I support such projects that burn their tokens at the right moments.
If for the long term process and the team behind the project is really serious in continuing the developments of their project burning coins is helpfulto earn better value of their coin.
It's depends from developers perspectives and how the supporters will keep waiting for more progressive developments and usages of their project.
In fact, we need to consider the situation you are talking about as a decrease in supply or a decrease in menstruation. When the token burning is done in a truly transparent way, we can see that this transaction has an effect on the price and the amount of circulating supply decreases. In addition, the investor also makes some purchases due to the announcement of the project team before this event takes place. Since the token burning will affect the price upward regardless of whether it is more or less, the investor is buying with the expectation of profit. With the rising demand in this way, the price rises one level, and then, after the team performs the purchase, another level increases. We can also see that this burning process in the crypto money markets is often used to inflate prices other than the purpose. In addition, since the current supply will decrease after these combustion processes, it is likely that the price will either increase permanently or not go below a certain price level. Generally, project teams perform token burning in order to reduce the number of available supplies and to move upwards with this news.
I saw a lot of projects where team burned their tokens and most often it did not bring anything good, but there were cases when the price of the token grew, therefore, the burning of tokens is rather a plus than a minus, so I support such projects that burn their tokens at the right moments.
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.
It's the most useless process i have ever seen around in economical aspects.
Agree, if the coin or token has a large transaction, I think token burning will affect the price. In economic mechanism, if the coins or tokens are demanded by the market while the supply is reduced, the price will rise and this can affect the market cap value
I don't like the ideology of token burn, it creates HYIP for the project and room for possible price growth but if the project is not offering anything unique, then token burn is just another wasteful strategy and waste of resources. It's better to use the money for a project continues development than a burning fund.
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.
Binance was the project that made token burning a bog deal in the space but what they are doing now, do not have effect on the price of their tokens. I don't really buy into the idea of token burning because by default some people are going to lose their private keys, some to wrong address and so on. If there is a demand for your token the price would go up.
I'm following this project NWC, that alongside their product, they also offer burning connected to the product. (basically, burning token when they receive paid membership) I think that ecosystems like this have a big potential. Connecting the use of your product with token burning is in my opiniona very good idea. However, people need to use the product, if not, then its useless.
Reduce supply and increase demand through token burning.
Reduce supply, obviously yes but increase in demand, that does not automatically happens, unless there is a big demand already. However, this does not apply to all projects. There are huge quantities of coins / tokens, there are some serious projects that have the potential to increase the market price if token burn. And the rest of the useless projects want to create hype in the market by burning their unsold token.
Token burning is a good model for successful project but for projects that does not have a working team, its useless.
Before, people right away hype when they read a news like this without even evaluating the status of the project, and sometimes scammers use this to attract investors.
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Yeah, it's happen all the time. And yes it's help to bump that coin because those coin will be valuable if their total marketcap are low. Many people like it many are not, sometimes it's work sometimes are not. In my opinion token/coin burn can't stop to go down if the project is valueless. I saw some succeed project also doing that theory for bump their coin.
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.
Reduce supply and increase demand through token burning. However, this does not apply to all projects. There are huge quantities of coins / tokens, there are some serious projects that have the potential to increase the market price if token burn. And the rest of the useless projects want to create hype in the market by burning their unsold token.
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.
Binance was the project that made token burning a bog deal in the space but what they are doing now, do not have effect on the price of their tokens. I don't really buy into the idea of token burning because by default some people are going to lose their private keys, some to wrong address and so on. If there is a demand for your token the price would go up.
The token burning seem to be common with exchange coin with high utility but we might likely see transaction burning token in coming months with new projects. Staking and social campaign have also replaced burning in recent projects as well while rewarding holders with coin to conserve token traded whereby managing the token volume trade. I like to see lesser token held by the team in new project irrespective of all these strategies.
Burned tokens are often done by developers to reduce the supply of token. this is also done by the developer / CEO Bnb where every quarter they burn BNB coin. But Fomo does not currently have an impact or influence on price spikes because the current market situation is in turmoil by the corona virus outbreak. Not only burning done but there are some developers who apply staking or lock to get dividends to boost the price of tokens.
It's all about what the project is offering. Reality has set in for all this things and we all have known that it really doesn't matter. What matters is there demand for the project , it's product and are they doing well otherwise the burn wont bring any effect.
they burn tokens at special events aimed at increasing the value of tokens in the market but sometimes all of that does not succeed in making prices go up, many projects have done that but the value of tokens has fallen
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.
Simple strategy low coin has high demand and decreasing supply could be more good. Check Ferrum network project, They will burn their token. All of them transaction fee and transaction fee will be calculate by ICO price of USD. I can't trust scam projects which has burning program 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.
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.
There are things which really determines the value of a project and the first is how the team were able to arrange and develop their ideas; it is this ideas that people will always look at and invest as the case may be. All these deflationary projects, they came in with speed and ceased to exist with speed as well which shows there is something wrong with it. Also, most projects which have this token burn system are not too valuable as well, thus showing that token burn in whichever mechanism implemented isn't the main thing but the use case in such platform.
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