RE: 90'000 LEN tokens burnt!
You are viewing a single comment's thread:
Even though I know it is most likely good to be burning tokens, I still feel a bit of uneasiness at "money" being literally burnt away. :)
0
0
0.000
A lot of people have difficulties to grasp the usefulness of burning tokens. A token should be looked at like a product. If a product is inundating the market, the price will go down. It's the same with tokens. The more tokens out there, the lower the price will go. That's the big problem of most tokens. With liotes we counter this by burning a part of the supply and try to keep the supply in accord with the demand of the token. It only means that all the remaining tokens will take on value when we burn LEN.