Yes, it’s very possible. Crypto tokens are at one point printed. They don’t just appear out of nowhere. The best explanation for this is Bitmark. It's a place to print crypto tokens.
Several times, I have seen startups having to “burn” tokens when funding goals weren’t met during the ICO phase. This is the destruction of tokens so that the tokens don’t count against the hard cap (or soft cap) when value is calculated.
The hard cap and soft cap are different amounts of value for a currency. The hard cap is the most money the currency owners allow to back it, while the soft cap is a general amount the currency owners would like to have backing it.
It’s this simple. If a currency has 1000 tokens, a hard cap of $1000000, and a soft cap of $250000; then the currency owners would like the currency to be worth $250 each token, but will start risk management procedures (likely printing more) around $1000 each token to maintain their Blockchain smart contracts.
The same is true when the funding capital is nowhere near the soft cap, just in reverse. (IE. 1000 tokens, soft cap $250000, but funding capital of $125,000 and each token is worth $125; the owners will burn 250–500 tokens [possibly in intervals] to keep the value right for their smart contracts.
I am not sure I would call creating or burning tokens manipulation as that implies some sort of improper action beyond what was intended within the rules set out by the protocol.
For example, Binance have a regular burn of their BNB tokens.
I didn't mean to imply any kind of wrong doing, I was just looking to explain the concept.
No worries, it's just the word manipulation has some negative connotations in every day language.
Cool post, keep it up!
Amazing
Many tokens/coins have a built in max supply like btc 21mil ltc I think 210mil etc xrp, bcn, xmr, etn not sure amounts now and so on so depending on the outlines set in the whitepaper
nice story
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