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RE: Burned tokens, rewards, and inflation summary February 4, 2023: 119K SP, 81K STEEM, and 909 SBD burned in 38K burnsteem25 posts
Theoretically, the burning of tokens leads to an increase in prices for the remaining coins in circulation. In practice, this only works if the token is in demand on the market, and the project enjoys a good reputation. And our coin is in good demand.
To me, the reason for burning coins has to be about blog visibility and not token value. Even if(?) it does effect the price, generally the people doing the burning aren't the people who would benefit from the price change, so there has to be a different benefit for the people who do it.
Basically, I see it as a way to promote a blog post, in hopes of expanding an author's audience.