It is just an illusion to create scarcity...
RE: 🔥 Binance burning a lot of BNB tokens!
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🔥 Binance burning a lot of BNB tokens!
🔥 Binance burning a lot of BNB tokens!
It is just an illusion to create scarcity...
It looks like this illusion is working...
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A lot of projects are doing that, nothing extraordinary from my point of view. You can plan ahead this before you start your project.
Burning is like plaster, this is my opinion.
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There are different burn mechanics. I agree that some are not doing anything and are just creating hype, however I know some projects that the burns are working really good.
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