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Author Topic: Burning coin. Impacts on Price  (Read 3010 times)

Offline Lokeloke

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Re: Burning coin. Impacts on Price
« Reply #30 on: April 29, 2021, 07:25:00 PM »
If a coin has a good tokenomic there is no need for the token burn. Token burn proves that a project has unhealthy tokenomic. For instance XRP. Team still holds more than 60illion coins. This is awful. For instance, XLM did burn half of the total supply it did not affect the price that much.

But I agree, if there will be a token burn, it should be from circulating supply. Team should buy back tokens from the open market and burn them. And Binance really does this very effectively.



I so much agree with what you said, some coin burnt their supplies yet it doesn't reflect on their price, but saying a coin as an unhealthy tokenomics if it were to be burnt, does that means even BNB as an unhealthy tokenomics, because of the way CZ burnt it frequently
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Re: Burning coin. Impacts on Price
« Reply #30 on: April 29, 2021, 07:25:00 PM »

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Re: Burning coin. Impacts on Price
« Reply #31 on: April 29, 2021, 07:50:46 PM »
According to my perception coin burn does not effect the prices directly if it is done just for get rid of the extra or unsold tokens during the ICO but I think if the token purchased from exchanges by the authority and burn those coins then the price positively increase at the same time total supply reduce. Generally This kind of work is done by those who are always think positive and tries hard to develop their project. As far as I know that BNB project has progressed in the same way and get good benefit by applying this type of strategy.

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Re: Burning coin. Impacts on Price
« Reply #32 on: April 29, 2021, 11:41:59 PM »
This is one of the ways of how burning coins work. We can get it fr the link source below:
https://academy.binance.com/en/articles/what-is-a-coin-burn
The aim is to decrease the supply and of course, it will give an impact on the price. A more limited supply of coins will impact to a higher price, it is commonly done like this.

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Re: Burning coin. Impacts on Price
« Reply #33 on: April 29, 2021, 11:47:17 PM »
Coin burns, especially the quarterly options, are good measures projects use to attach some demand and less supply to the crypto, thereby pumping the price. It assures one the coin is safe for a long hodl

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Re: Burning coin. Impacts on Price
« Reply #34 on: April 30, 2021, 06:32:26 AM »
I said yes it could increase the price of the coins because it was certain that the supply of coins would decrease if burned.
We can see an example from BNB which is often burned every quarterly and I have witnessed it very carefully millions of UD are burned just like that.
Then Pancakeswap coins are also often burned and the price for Pancakeswap is now over 40 USD. Amazing!
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Re: Burning coin. Impacts on Price
« Reply #35 on: April 30, 2021, 10:11:19 AM »
The purpose of burn to decrease the total supply but it must be taken from the circulating supply.
The burn must be done from the profit that already received by the company. This is what we have called that as a healthy burn. Some people may think that burn must be done from the pre-mined coin as well.
that's true but the main purpose of burn to decrease the coin on circulating supply and this will make the total supply will decrease.
Please give your comments about burning coins technique.

Of course, burning coin will have good  impact on price, because Burning coin to reduce circulating suplay, It will make total suplly decrease, and the price will increase.
I think It is the best way that development could do to keep the price, lately BNB has burned coin. That has good impact for BNB price now. Current BNB price is $ 613, Its amazing. Hopefully will touch $ 1k soon.
Several new coin burn their coin at pancake to reduce total supplay and to keep the coin price.
« Last Edit: April 30, 2021, 10:14:41 AM by therozaq »
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Offline azmirihaque

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Re: Burning coin. Impacts on Price
« Reply #36 on: April 30, 2021, 11:51:09 AM »
Burning coin is always good news for investors. It gives a signal for price increase. Because burning coin reduces the circulating supply of the coin which helps to increase price. Some companies burn token for increasing the worthiness of the project and also increasing the price. Though some make question about unhealthiness of the token supply, it positively influences the price.

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Re: Burning coin. Impacts on Price
« Reply #36 on: April 30, 2021, 11:51:09 AM »


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Re: Burning coin. Impacts on Price
« Reply #37 on: May 01, 2021, 09:57:26 AM »

Burning coins will less the numbers of tokens/coins yet the price is potential to increase before or after burning. Investors will buy before burning schedule because they know the exact prediction the price will increase soon. Lesser the tokens will make noise and good credibility.
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Offline Rehan Zakir

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Re: Burning coin. Impacts on Price
« Reply #38 on: May 01, 2021, 10:18:07 AM »
I said yes it could increase the price of the coins because it was certain that the supply of coins would decrease if burned.
We can see an example from BNB which is often burned every quarterly and I have witnessed it very carefully millions of UD are burned just like that.
Then Pancakeswap coins are also often burned and the price for Pancakeswap is now over 40 USD. Amazing!
Yes brother you are saying right. Burning mechanism impacts on the price of a coin. And there are many examples of coin. After Cake burning starts the price is blasting now. And it will soon hits 100$.

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Re: Burning coin. Impacts on Price
« Reply #39 on: May 01, 2021, 05:40:14 PM »
Another reason for coin burning may be to attract investors. Because after burning coins, the price of most coins goes up. As a result, investors invest in those coins in the hope of making more profit. For example, after BNB coin burn, its price has gone up a lot and many investors have invested here. However, when the coin is burning, the supply of coins decreases and then the price of that coin is affected.

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Re: Burning coin. Impacts on Price
« Reply #40 on: May 02, 2021, 03:19:38 PM »
Another reason for coin burning may be to attract investors. Because after burning coins, the price of most coins goes up. As a result, investors invest in those coins in the hope of making more profit. For example, after BNB coin burn, its price has gone up a lot and many investors have invested here. However, when the coin is burning, the supply of coins decreases and then the price of that coin is affected.

Yes, you're right. Burning coin could attract investors to buy coin before burning. I think the project team will announce when they will burn the coin  and how much.
BNB is one of the success of burning. After burning BNB price is going up and I think It is the best way to reduce total supply.
I also see at pancakes swap. Several coins have burned and more valuable.
So, burning coin will have good impact on price and will go up.

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Re: Burning coin. Impacts on Price
« Reply #41 on: May 02, 2021, 04:02:26 PM »
Now there are many new coins are developed in BSC and their total supply can make your head hang. Recently i made entry in few of those projects like MNDAO, SafeBTC, SAFEToken and their circulating supply first time made my headache to calculate. This type of project is only based on whitepaper, website and pancake swap. They have no proper plan of business. Investors are affected in every transaction with 5-13% slippage which is being used for burning supply also. I don't like this idea at all although i made losses and came out from this type of shitty tokens. Only burning coins won't put impact on price, we have to bear in mind.

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Re: Burning coin. Impacts on Price
« Reply #42 on: May 02, 2021, 05:04:42 PM »
The purpose of burn to decrease the total supply but it must be taken from the circulating supply.
The burn must be done from the profit that already received by the company. This is what we have called that as a healthy burn. Some people may think that burn must be done from the pre-mined coin as well.
that's true but the main purpose of burn to decrease the coin on circulating supply and this will make the total supply will decrease.
Please give your comments about burning coins technique.

IMHO, I think it depends on the popularity of the project because if the project is unknown those burning mechanisms are just an ordinary event without any significant effect on the project's coin/token price, But if the project is already known to many those coin/token burning events can bring any positive results to the project's coin/token price.

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Re: Burning coin. Impacts on Price
« Reply #43 on: May 02, 2021, 06:25:13 PM »
The purpose of burn to decrease the total supply but it must be taken from the circulating supply.
The burn must be done from the profit that already received by the company. This is what we have called that as a healthy burn. Some people may think that burn must be done from the pre-mined coin as well.
that's true but the main purpose of burn to decrease the coin on circulating supply and this will make the total supply will decrease.
Please give your comments about burning coins technique.

IMHO, I think it depends on the popularity of the project because if the project is unknown those burning mechanisms are just an ordinary event without any significant effect on the project's coin/token price, But if the project is already known to many those coin/token burning events can bring any positive results to the project's coin/token price.
in any case, burning will positively affect only a promising project, in order to strengthen investor confidence in future prospects, increase the already existing value of coins, and also influence other cryptocurrency users who may turn out to be potential clients.

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Re: Burning coin. Impacts on Price
« Reply #44 on: May 02, 2021, 10:14:21 PM »
The burning of coin are done most of the time, to reduce the volume of coin in circulation with motive of increase the price of the coin in the long run. Because when there is scarcity, price are meant to increase due to the limited supply.
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