About coin burn and how it works

[jackycrypto485 1055]

Thank you for this great article, I explained the burning process of the token in a wonderful and understandable way, I know the burning process and I know that its purpose is to increase the value of the token, but in fact I did not know all this detailed information and the method of burning as well, so I should thank you again.

[Dorjoy12 8962]

7 hours ago, Projectcrypto said:

for anyone reading this conversation kindly make use of this style @Dorjoy12 made mention in this post.

But following this style for doing post can be considering as spamming too because if any member tag any senior member or any newbie without any reason then its totally spamming..  That is why do tag according to your need such as if some one ask you something or you need information from them @Projectcrypto             

[Teminali69 1081]

The purpose of burning a coin is good, but for me that means another thing as well.. that means if you want to completely destroy the coin it is possible by burning all the coins right?

[Projectcrypto 4382]

14 hours ago, Dorjoy12 said:

That is why do tag according to your need such as if some one ask you something or you need information from them @Projectcrypto     

Well said mate and i think some members need to know this information because some of them intentionally use to tag friends in there posts just to call the attention of there friends to give the likes without needing any help and i believe that is not proper because that can make one lose there account.

[Dorjoy12 8962]

5 hours ago, Projectcrypto said:

Well said mate and i think some members need to know this information because some of them intentionally use to tag friends in there posts just to call the attention of there friends to give the likes without needing any help and i believe that is not proper because that can make one lose there account.

I often get lot of tag from a single user so i usually ignore those tag then because this tag sign can lead me in problem..  If you face this kind of unreasonable situation then just forget those tag @Projectcrypto..  Tag is a good feature but misuse it is prohibited       

[Projectcrypto 4382]

19 hours ago, Dorjoy12 said:

Tag is a good feature but misuse it is prohibited       

For that reason i only respond to reasonable posts which i am being targeted along because responding to all can implicate you and that can make one receive a warning point from the moderators or even get banned completely, so for everyone reading this conversation kindly use the tagging feature wisely to avoid risking your account.

[scofield64 943]

Coin burning is a technique used to reduce the number of coin in circulation so that the value of price of the coin will increase and the market value of the coin will also increase. 

[Nila2020 393]

Coin burning involves the accumulation of coins, the value of which increases and decreases.

[Ramz99737 1196]

This topic will help many members in this forum especially the newbies who have less experience about Cryptocurrency, because coin burning is done to improve the value of a specific coin in the market but the project also need to be strong but if the project is not strong definitely the value won't improve.

[Dorjoy12 8962]

11 hours ago, Projectcrypto said:

For that reason i only respond to reasonable posts which i am being targeted along because responding to all can implicate you and that can make one receive a warning point from the moderators or even get banned completely, so for everyone reading this conversation kindly use the tagging feature wisely to avoid risking your account.

This is good strategy to keep your account secure always friend..  Actually i already follow up this strategy and reply those quoted post that ask something or make some mistake in comment..   Also if any member quote you for more than 3 time in a day then i dont think its necessary to reply that spammer post @Projectcrypto                

[nykas 2812]

Coin burning is a really good strategy for decreasing cryptocurrencies supply and price growth. Some developers already practising this method and basing on their experience, I can say, it's a really effective way. Hope more and more project will do it

[Amiami 1362]

I did not know about the burning of Tokens in a technical way, I only had some basic notions about the concept in general, without a doubt it is something interesting, maybe invest in BNB since surely in a couple of years it will reach 100 dollars and thus could get good profits.

 

You know some other reliable project as the BNB that works under the scheme of the Burning of Tokens?

[Projectcrypto 4382]

17 hours ago, Dorjoy12 said:

Also if any member quote you for more than 3 time in a day then i dont think its necessary to reply that spammer post @Projectcrypto   

Sure mate and it will be much better to ignore the post and go for another because that can implicate your account which can make one to lose there account as well and for everyone reading this conversation we should be careful because having too much conversation can make you repeat same thing and if the moderators notice that you can lose your account.

[Mridul Rahman 1058]

That is a remarkable explaination about coin burn mate. I was always wondering how this coin burn works or what is the motive of it. Well you cleared my thoughts mate and i thank you for that.

[Dorjoy12 8962]

On 12/10/2020 at 10:48 PM, Mridul Rahman said:

That is a remarkable explaination about coin burn mate. I was always wondering how this coin burn works or what is the motive of it. Well you cleared my thoughts mate and i thank you for that.

@Mridul Rahman in crypto world everything you need to know  deeply to increase your knowledge more Friend..  Because if you don't try to learn then you can't face dangerous situation in crypto..  Well, coin burn is a very good process which help to increase a coin price deeply in every aspect..                 

[1qDan 478]

I think that is one of the great virtues of BNB, the system that they have of programmed burning is undoubtedly interesting, since that can drive the price to very high levels, in addition to the support that binance has of course, in the same way The token burning system in general seems to me the best way to control inflation without being intrusive.

[Aledar 48]

Great information dude i knew some information from your topic but some information were new to, so yeah thanks.

[susan8929 811]

Coin burn is an excellent way to decrease the supply of a coin so that its price increases.
I once invested in a cryptocurrency that was going to make a coin burn and it rose a lot, not directly because of the burn, but because of the expectation that there were days before.
Undoubtedly, these kinds of events are an excellent investment opportunity, but it is necessary to analyze that the cryptocurrency is also a good project so that there is a good rise.

[Ameralsamt 2558]

Burning a currency is the process of permanently removing currencies from trading which reduces the total supply. In order to explain how this works and how it works we will use bnb as an example. Penance periodically burns currencies by using a smart contract function known as a burning function. 

[Yaabu 80]

The reason for burning a coin is acceptable, however for me that implies something else also.. that implies in the event that you need to totally annihilate the coin it is conceivable by consuming all the coins right?

[Dorjoy12 8962]

4 hours ago, CryptoZone011 said:

Thanks for your guidness 

I don't know about the process of coin burning and by reading this post and topic.

Iam able to understand all the things about the coin burning process.

I really understand the good things.

It's  good that you have understand  about the issue of coin burn..  If you know about betfury BFG token then you also can see that yesterday  they burned their coin to increase  the value of coin more than now..  As BNB is binace based crypto currency  so i have mentioned  this coin though  many crypto currency  has burning  issue @CryptoZone011

[KarlJohn1 56]

Coin burn is the burning of coins, like in a way their supply will reduce, I had this learnt yesterday because I read about crypto daily now. And in economics it is that high supply will reduce price while reducing the supply will be increasing the price. Coins are burnt for price to increase. 

[AL SHAIMON 1293]

Coins burn is an old method. Many coins owner do this to maintain their coins price after coin burn a very big bulish run happened on that specific coin. For example you can choose BNB token. This is the best example of this method.

[Lx-Lana 153]

The team said burning coins is one of the strategies to reduce the number of coins in circulation, and therefore increasing supply which makes the price jump.

[Fkka 22]

It may be a good strategy to use as many currencies as the conventional 5 billion coins have insane amounts. That's why the supply increases which makes the price jump. Which is good for us.