In some cases, burning can help. But people have got it into their heads that burning is always the solution and that's not the case! Most of the time it's not a solution at all, especially for limited supply tokens
That's something I though even when I started in this crypto world. Like, you knew how far goes your reach, why do you have a why lot more tokens and now have to burn them? It doesn't make sense.
Token burning can have different effects depending on the context. It can be beneficial by reducing supply and increasing the value of the remaining tokens. However, it can also generate uncertainty and affect market liquidity.
I also never understood why tokens are burned in most cases. I understand the need for some projects to reduce inflation, but burning most of the time seems counterproductive to me.
In some cases, burning can help. But people have got it into their heads that burning is always the solution and that's not the case! Most of the time it's not a solution at all, especially for limited supply tokens
Yep. And most burn in lieu of building.
In other words, burning is a tool. It is not something to religiously go after.
Token burns generally and conditionaly only make sense when there is persistent token supply inflation beyond demand.
I prefer staking to Burning tokens
That's something I though even when I started in this crypto world. Like, you knew how far goes your reach, why do you have a why lot more tokens and now have to burn them? It doesn't make sense.
Token burning can have different effects depending on the context. It can be beneficial by reducing supply and increasing the value of the remaining tokens. However, it can also generate uncertainty and affect market liquidity.
I also never understood why tokens are burned in most cases. I understand the need for some projects to reduce inflation, but burning most of the time seems counterproductive to me.
Liquidity is indeed a good argument sir!