hi @mintymile

But that time this token burn stuff was new.
Now its so common...

In my opinion, buy-backs are nothing new. In stock market it had been taking place for years already.

The only new thing is that in crypto-space those tokens are being send to "null". Which gives more confidence that noone will ever use them and dump them back on the market.

I believe the utility of the token is to drive price..

You see ... and I'm not sure why so many people are hoping that UTILITY will drive the price.
Is price of gold or silver driven by it's utility? Are prices of tesla, IBM or any other stocks driven by utility?
Not really.

In my opinion, it is crutial to understand that it hardly matters if demand is coming from buy-backs and burs or is caused by investors. Or maybe some utility is allowing to bring more demand.
Demand is demand. End of story.

What matters is ensuring that demand will not be overpowered by supply (selling pressure). So on one hand it is important how many tokens are being issued into the market and how many are being hold by people.
Great example: HIVE - it's demand is so much smaller than amount of tokens being "printed" on daily basis. But price is growing. Only because majority of HIVE users do not want to sell.
That's what matters.