“Attempts to get money from people for nothing” would be a better name.Â
GreedVault on
some projects use treasury funds to buy back tokens and burn them, which pushes the price up, then allowing them to sell their own bags.
semanticweb on
Buybacks and burns will have positive effects in the long term (4 to 5 years range). The author has not Analyzed such projects IMO. Yes it is true that there may not be sudden price appreciation.
thinkingperson on
If burning tokens is stupid, then why are peeps frequently reminding us that bitcoin is getting scarcer because seed phrases are lost and in turn coins are lost, which for all intents and purposes, burnt.
2peg2city on
*looks at BNB* Yeah, totally don’t work
nugymmer on
I wish some dev teams would do a burn. Half of what they have. Should make selling a lot easier for them when the market turns around eh? Make them more scarce, eh?
8 Comments
So are random burns of billion of tokens
Demand is the only thing that matters
“Projects”. Hilarious bit of branding, that.Â
“Attempts to get money from people for nothing” would be a better name.Â
some projects use treasury funds to buy back tokens and burn them, which pushes the price up, then allowing them to sell their own bags.
Buybacks and burns will have positive effects in the long term (4 to 5 years range). The author has not Analyzed such projects IMO. Yes it is true that there may not be sudden price appreciation.
If burning tokens is stupid, then why are peeps frequently reminding us that bitcoin is getting scarcer because seed phrases are lost and in turn coins are lost, which for all intents and purposes, burnt.
*looks at BNB* Yeah, totally don’t work
I wish some dev teams would do a burn. Half of what they have. Should make selling a lot easier for them when the market turns around eh? Make them more scarce, eh?