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RE: Nitrous Update: Ads

in #nitrous5 years ago

Cool! I'm definetly interested in placing an ad, perhaps sometime next month or so when a project I'm working on is launching.

Can you explain to me, though, how exactly burning tokens raises the price? When you burn tokens, there are less available, sure, but people still have to want to pay more, correct? You can't just burn 1,000 tokens and have the prices suddenly increase, buyers have to take note of the lesser supply and adjust their offers if they choose, don't they? Or am I completely wrong on this?

Thanks!

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It works best when they buy off the market, which raises prices, and then they burn.

Ah, I gotcha. Buying directly from the market forcing the demand, then completely removing the chance of the tokens being dumped back into that space. Make sense. Thanks!