Let's clarify something also here.
As what people believe that burning tokens for a particular coin will always result in a bullish or good for the price.
But for me, it's not always true, especially on what the project is all about.
Maybe for the short term, it is bullish, especially when they first announced it to the public. And addition, we should also identify the amount percentage of tokens they burning to the total supply.
I already saw a lot of tokens that got token burning but at the end, REKT.
Topic: What is coin or token burning? - page 3. (Read 724 times)
On that recent ETH fork then;
https://news.bitcoin.com/crypto-inferno-the-ethereum-network-has-burned-over-230-million-in-ether-in-17-days/
This is a coin where i do really recommend to engage on rather than on considering others out there which i dont see to be worth for you to invest on.
Its up to someones choice though but its better to take risk on something which had been known or does really have the community demand.
https://news.bitcoin.com/crypto-inferno-the-ethereum-network-has-burned-over-230-million-in-ether-in-17-days/
This is a coin where i do really recommend to engage on rather than on considering others out there which i dont see to be worth for you to invest on.
Its up to someones choice though but its better to take risk on something which had been known or does really have the community demand.
the other purpose is to keep total supply low, maybe because the token has too many total supply its hard for people to see it pumping and with coin burning it can make the market pumping it because its gaining popularity because of the token burning event. but token burning still have main purpose which is for increasing its price although somehow price increase not only can be done with token burning.
Usually, those coins that have a continuous burning, that's the main reason for it. Lesser supply but higher value, they all know that it's going to happen so that there will be more holders to come. But for some altcoins, despite of burning, they don't take a lot of attention and still their value remains the same because they're not popular and there's not that much demand.
It simply means destroying a portion of the said coin or token. This reduces the circulating supply, potentially increasing the price of the coin or token
Indeed, that's the goal, because the simple concept is that the more the coin loses its value due to burning, the more its price will increase because considering the burned coins are becoming rarer.and indirectly the focus of people will also increase the sale of the coin which when the coin is planned to be burned or something like that usually the purchase rate will increase.
the concept is simple but a concept like this is still very interesting and there are still many enthusiasts because by burning coins like this people's thoughts will change and think that the coins are getting less and less and of course it will be more expensive.
Coin burn results:
The result of burning coins is that they will reduce the amount of coins from the supply. As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned. And as a result, the price of bnb coins is much higher now.
The result of burning coins is that they will reduce the amount of coins from the supply. As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned. And as a result, the price of bnb coins is much higher now.
I think the burned BNB hasn't reached 50% yet. Maybe we can check based on the data they published on the official Binance website. Binance Completed 16th Quarter BNB Burn of approximately 1,296,728 BNB. Maybe you can check the whole thing at https://www.binance.com/en/support/search?type=1&q=burn
Coin burning besides aiming to reduce the total supply and increase the price is also now used as a technique to attract potential investors to believe in investing there. usually coin burning is done during the crowdsale to make it more convincing to the public
Yes it is very clear what you are saying because after all it goes back to fundamentals,not all by burning coins the price will go up so it can't be a benchmark,
but burning coins also has other purposes so I think it's still important
Coin burning does not always results in price appreciation if the fundermental factors that influence and assure the viability and longevity of such coin is not taking care of! There must be value creation, problem solving, and adoption (utility) before burning effect could be felt!
What you are saying is very clear, because fundamental factors are things that always have a very large influence and have a very large effect, so if the fundamentals are still very weak on a coin, there is no meaning in burning it. 
Coin burning does not always results in price appreciation if the fundermental factors that influence and assure the viability and longevity of such coin is not taking care of! There must be value creation, problem solving, and adoption (utility) before burning effect could be felt!
In the crypto world, this happens a lot. Coin burning is a concept in the world of crypto digital assets, which has been adopted by a wide variety of coins and tokens. Although it sounds difficult to understand, but coin burning is a central mechanism that can prove to be a feature that will be used often.
In this process, investors believe that it will strengthen the value of the coin and can also help in increasing the value of the coin. so, the number of coins in circulation is small, then the value of the coin will be much higher.
Coin burning is the most effective method of increasing and stabilizing the valuation of coins and tokens.
In this process, investors believe that it will strengthen the value of the coin and can also help in increasing the value of the coin. so, the number of coins in circulation is small, then the value of the coin will be much higher.
Coin burning is the most effective method of increasing and stabilizing the valuation of coins and tokens.
The purpose of burning tokens is to reduce the supply and make the token price higher than before. I think a lot of coin developers do that and it is good for the future of the tokens it generates.
if the supply is reduced its not always mean the price will be higher but if the token popular and have many investor it can have higher price because that means it have demand, it still depend on the demand but if the token total supply is too much maybe burning can be a solution because then it will fix the issue of too much total supply but the amount burned should also be many and not just very few coins because it will not give effective result.
You have said it all, in nutshell is a means of stabilising cryptocurreny project, at any point in time, so many project do this to make their coin scarce are and there by increase in value, have to project like that now Goma, the price is flying, though the project is still at infant stage but still doing well.
First of all, not always the price increases, anyway it is a good support for the price as the offer of this token declines and considering that the demand is the same, the price can grow.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.
I think that there are few traders who would burn their earned coins, since the goal of every trader is to make a profit. Binance, which is the owner of BNB, directs part of the commission received from trading on the exchange to purchase this coin from the market, and then burns it quarterly. And such a strategy will lead to a constant increase in the price of BNB, which is based on a decrease in the supply of coins on the market.
First of all, not always the price increases, anyway it is a good support for the price as the offer of this token declines and considering that the demand is the same, the price can grow.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.
From what I understand is that burning has got to do with supply and demand . This will have a deflationary effect to the ecosystem which the coin or token being the medium of exchange. Burning of tokens or coins is good to stabilize the value of it or make it more valuable.
Many has this belief that if you burn tokens or if you burn coins, if the developers of the coin do that, what will happen is that the supply of the coins are reduced. That way, by reducing the number of coins available, you will make the coin more rare, and therefore the price will increase. The most well known of the burns is BNB. But there were others as well. XML and XRP are the other burns that happened. With the intention to make their coins rare and hence increase in price.
Burning tokens is usually done by sending coins to an unspendable address. You can also burn bitcoins by using OP_RETURN to mark an input as invalid.
Counterparty was one an altcoin that required users to burn an amount of bitcoin to mint new tokens on their blockchain when they first launched.
Counterparty was one an altcoin that required users to burn an amount of bitcoin to mint new tokens on their blockchain when they first launched.
Token burning is simply a way of reducing the the supply of a cryptocurrency. This is often said to cause an increase in value of the cryptocurrency but that isn't always the case some token burns have no effect on the price of the coin because the coin itself is not valuable. However if a project is good and has value in the market let's coin in circulation will mean more scarcity and with most car sitting there will be an increase in demand for that coin and an increase in demand always leads to increase in price. So token butning works in both ways it's can I have a good effect on the price of valuable token or it has no effect at all
Burning token or coin is the common way to reduce the supply for the better performance afterwards.. Actually we can compare this to a boat that gradually sinking in the middle of the ocean wherein in order to save it, we should reduce the amount of passengers that can make it heavier, so that it will gradually move upward back to the top of the water and it can go to where is the next distination.. Simple as that if we will make a story when it comes burn token or coin. 
There's a certain irony that tokens and coins that felt the need to create billions, or even trillions of coins are now looking to burn coins to make that coin seem more desirable at the same time as investors in bitcoin lament the fact that only 21 million coins will ever be generated.
DOGE COIN is probably the exception at this pint with its price mooning all the while not having (AFAIK) burned any coins - ever - even though it has billions on the books.
DOGE COIN is probably the exception at this pint with its price mooning all the while not having (AFAIK) burned any coins - ever - even though it has billions on the books.
I still find the token burning process awkward, while creating more supply, let it have a value then decided to reduce it from circulation, what is the logic behind it, why not just create the actual supply at the initial launch, bnb burn is a good example, imagine burning bnb worth a $ million, money that would have been useful and helpful, so far the burn has not reflect on bnb price.
I also find token burning awkward, even useless at times. If a project has its token gained popularity and use-cases, why burn them? To increase the value more? It has already increased in value because people find some worth in it. Why do they have to burn it?
If it is to make it valuable due to its scarcity, I don't think this will help them either. If they want to make value for their tokens then they need to make some working products that will be of use in real life and of their tokens as well
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