codedamn

Burning tokens

Created by Kshitij about a year ago

0

No description provided

3 Comments

    0

    what if all token are sold out, then do we just keep it that way or investors start selling tokens at a greater price like stocks??

    @chaitanya22

    Chaitanya Patil

    @chaitanya22

    0

    The way I see it though if the company(amazon here) wasnt selling those tokens it should have no effect on the price other than sentiment at best, since for price to go up it still needs buy back and burn or sellers quote a higher price, stock buyback and burns increase price not simply burns afaik if they weren't going to sell it. If they were going to sell it would have just decreased the price so they're just preventing that at best not increasing afaik

    @erenyeager

    Kyan Sharma

    @erenyeager

    0

    But why Amazon will burn their own Stake? At some point, they would love to sell those tokens at higher prices

    @sumitbehal

    Sumit Behal

    @sumitbehal

Your comment