You are viewing a single comment's thread from:
RE: Steemit Crypto Academy Contest / S5W4 - Token Burn
You have made a nice entry on the token burn. You're very correct in your submission. The essence of the token burn function is to help reduce supply pressure in circulation so as to trigger demand pressure. This in turn sees a sustainable positive token value and investors' confidence.
Best of luck in your entry
Thank you for validating some of the points in my post. Token burn is one of the ways to achieve supply-demand balance to maintain value for the asset or even drive the price upward.
Yes, exactly. That's it's primary stay.
Thanks for engaging