Okay so you burn the tokens to mint some NFTs, and the NFTs end up being worthless. Now your userbase is pissed and a percentage of them ragequit. There are many ways to mess up a token burn. The burn has to create more value then it destroys. That's what people don't get. They assume it never destroys any value.
You are viewing a single comment's thread from:
Most NFTs don't really have value right now anyways. So I don't know why people just buy into it when most of it doesn't have much utility. It sounds like most of them are just fixated on price.
Posted Using LeoFinance Beta
That makes sense. Appreciate your help to understand Tokenomics 101 :)
I envy you .... You understand this.
Posted Using LeoFinance Beta
To be honest, it's too confusing for me, apparently, to be able to count quickly, this is not all mathematics)
Posted Using LeoFinance Beta
Thanks for this... I always think Burning equals Mooning :)
Posted using LeoFinance Mobile