1 million EDO burn in August, can it go to the moon ?

[maivangcity]

EDO token they will auto burn 1 million EDO in August.
Do you think this is big change to buy it?
On their web countdown about 6 day 21 hours

[zendicator]

I think it will pump a little but it will not go to the moon  if you want you can buy a small amount just remember to buy the rumor and sell the news because that is the play in crypto. Dont buy after the burning because it will be dump by the traders.

[ZionRTZ]

It depends on what you call moon. Is 20% increase moon already? There will definitely some upward movement days prior to the burning, I just don't think it will be that much. The hype of burning coins or tokens is getting less. 

[abdmuiz]

I advise you to be careful when trading because technical analysis does not function very well in the market when a new story appears

[masterrex]

EDO token they will auto burn 1 million EDO in August.
Do you think this is big change to buy it?
On their web countdown about 6 day 21 hours

Burning of tokens is not a guarantee for price increased and thats for sure. for me the platform's product and services still the best drivers of token demand and utilization to increased the price effectively.

[Leny]

I think this depends on the way the team works and the quality of the token itself. the number of tokens can affect the sale value, but a small percentage. So the most important thing is how the team gets around the market.

[Payme21]

It might help the shirt term price but doesn't mean its gonna be a hit long term except if critical policies are implemented

[Rindian]

this news does not necessarily bring news of excitement. even if this is excitement, then this is a temporary surprise that is only temporary. so must be careful with incidents like this.

[MrSpasybo]

EDO token they will auto burn 1 million EDO in August.
Do you think this is big change to buy it?
On their web countdown about 6 day 21 hours

Burning token is a popular way to share the project's profits to the token holders, so I want to know where 1 million EDO tokens come from? Team buys from the market or simply burns reserves?

[sunny1356]

Burning of tokens is a good step, but if enough marketing is not done, it might not make the value 9f the coin to increase and if it does increase, it is likely going to dump again.

[tsakf]

Burning tokens, reduce the coins in circulation. If there is interest, for the coin, it will have a good impact. If there is no interest about a coin, whatever done, will change nothing, because nobody is interested.

[bountyecrire]

this is their circulation supply right now: 29,261,461 EDO
If they burn 1m tokens, that means 3% of the tokens are gonna be burned. well, I don't think that will affect the prices. But if there are some other news like mainnet, node etc. you may think about it.