IRISNET to burn 200Million tokens of the non-circulation
supply.
———————————
While projects themselves gain significant advantages from burning their tokens, the
process isn’t a zero-sum game. Token holders also benefit in several ways from the
process.
It may seem like token burns are designed to give projects an edge, but the reality is
that the mechanism is beneficial to both developers and investors. In many cases,
burning tokens can help stabilize a coin’s value and curb potential price inflation. The
stability gives investors a greater incentive to hold the coins and keeps prices at more
favorable rates, which therefore keeps network uptime and bandwidth healthy.
Token burns also project a sense of confidence and reliability, especially at early stages
of a coin’s development.
Hello. Everyone.
We want to submit this proposal in the meantime.
IRISNET to burn 200Million tokens of the non-circulation
supply.
———————————
While projects themselves gain significant advantages from burning their tokens, the
process isn’t a zero-sum game. Token holders also benefit in several ways from the
process.
It may seem like token burns are designed to give projects an edge, but the reality is
that the mechanism is beneficial to both developers and investors. In many cases,
burning tokens can help stabilize a coin’s value and curb potential price inflation. The
stability gives investors a greater incentive to hold the coins and keeps prices at more
favorable rates, which therefore keeps network uptime and bandwidth healthy.
Token burns also project a sense of confidence and reliability, especially at early stages
of a coin’s development.
Is this value ok? any feedback are appreciated.