RE: Steemit Crypto Academy Contest / S5W4 - Token Burn
Hello friend.
I really liked your post as you have explained about the Token Burn and the functioning of this technique in a very impressive way. Your knowledge and research work is really appreciated.
Large token burns frequently get community support. To this, I can also say that it increases the value of the coin to investors.
Yes, you are very right here. The token burning can be done by sending the tokens to the null wallets hence, the supply is reduced and the price of the token is improved.
The Token Burn can benefit both the company and the investors. It is a great benefit that more and more investors are attracted to the tokens that are burnt continuously.
Thank you so much for your beautiful post. I wish you a very good luck for the contest. 🤞