.IOHK_Charles Cardano founder explains why the platform can’t burn any $ADA. tokenburn
and IOG, Charles Hoskinson has tweeted that unlike with other cryptocurrency projects, ADA burns are impossible to make.Here’s why no ADA can be burned
Charles Hoskinson has replied to a comment from a @PerAsperaVinco Twitter user, in which the latter reproached him of being ignorant when saying that destroying ADA would mean destroying Cardano fans’ property. Hoskinson explained that other projects sometimes have a stash of premined coins controlled by founders. During periods of lower liquidity they manipulate their token’s price by burning large amounts of it. However, he stressed that Cardano does not control any amounts of ADA.The astonishing power of ignorance is revealed when people cannot grasp that there is no magic reserve of Ada floating out there.
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