Do you think token burning is one of the best strategies an exchange could make ?

[Cryptoic]

So far i’ve realized one of the best move and strategy that most CEX with native token make is token burning. I’ve seen how effective it increases the value of the tokens, obviously when a certain amount of the token supply is burned it reduces the supply which result to increased scarcity the token which makes the token more valuable.

 

As i was scrolling through X earlier, i stumbled upon a post indicating over 30million BGB was burned in Q1. Honestly, i think this is a huge move made by the exchange because I’ve always wanted to invest in BGB when i found out it was the best performing CEX token over the past 12 months. 

 

Also, after realizing the benefits BGB holders got as a result of its price surge from $0.6 to its ATH of $8 last year. I couldn’t ignore the fact that Bitget keeps making strategic moves that benefit users and increase growth. It’s high time I started buying, as it will also benefit with launchpools which i plan to participate in later. I’m sure i’m not the only one who realized the effect of this strategy. What are your thoughts ?

[Midexmth]

Token burning can indeed be a powerful strategy to drive value. The recent $BGB burn is impressive, and it's great to see exchanges prioritizing user benefits. Do you think this burn will spark a new wave of interest in $BGB, or will it mainly benefit existing holders?