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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn

in SteemitCryptoAcademy • 3 years ago

To Reduce the Circulation Supply.
To Maintain Stability in the Price of Asset.

I concur, these are the key primary concept behind the token burn activity. it is a concept that rides on the principle of demand and supply. Where a certain amount of supply volume is removed to give rise to higher demand pressure.

Thank you for sharing...

3 years ago in SteemitCryptoAcademy by
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     3 years ago 

    Exactly, I believe the whole idea of burning is just to keep the price in a higher position.

    Thanks for reaching out, wish all the best as well.

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