Burning Tokens vs Burning Tokens

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burn.jfif

Many projects claim to burn there tokens and increase value of there token and project.
There are many tribe tokens that claim and also do this.
Do these tokens have any value?
Short answer NO.
Tribes generate inflation and if you burn newly minted tokens they have no value they are not bought off the market.

SCV is different

All tokens burnt are bought off the market therefore someone has actually sold them and have received hive in return. This is different to all other tokens on hive engine and possibly in the crypto sphere.

This is making Scv truly deflationary and is already trading over 3x since launch a few months ago

https://hive.blog/scv/@hivebuilder/scv-license-3-sale-closed-temporarily-and-buyback-update
Bottom of the page gives stats on token

https://blog.crypto.com/70-billion-cro-to-be-burned/

This was a great marketing ploy done by crytpo.com no one actually paid 70bn they were just excessive tokens they held and burnt.

Posted Using LeoFinance Beta

oneup leo spt scv investment money leofinance
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Leofinance actually buys the tokens with ad revenue and they’re counting on improving ad revenue by a lot after the launch of threads

Posted Using LeoFinance Beta

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I like leo but with leo the plan is to redistribute the tokens instead of burning them also leo has one of the highest inflation rates of any tribe it is over 20% hense the price where it is. scv has zero inflation and is infact deflationary. I dont think any token will compete with it on price over the next year or so especially not a inflationary tribe token

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