Token Burning: A Sign of Poor Economic Planning or a Strategic Mechanism?
DOI:
https://doi.org/10.36676/sjmbt.v3.i1.60Keywords:
Token burning, justified strategy, token issuer, strategic mechanismAbstract
Token burning is a widely debated practice in the cryptocurrency industry. While some argue that it is a sign of poor economic planning and an immature approach by token issuers, others believe it to be a strategic mechanism for controlling supply and increasing token value. This paper critically examines the concept of token burning, analyzing its impact on price stability, market perception, and long-term utility. Through case studies and economic analysis, we explore whether token burning is a justified strategy or a mere short-term fix for deeper economic issues.
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