What Does It Mean To Burn Crypto? Token Burning Explained
This process is typically executed by sending the tokens to an handle where they are rendered inaccessible, effectively taking them out of the circulating supply. While the act of burning tokens may cryptocurrency bunr sound counterintuitive at first glance, it serves specific functions which are integral to the functioning and economics of a cryptocurrency. Periodic token burns are like a well-timed jab, preserving inflation in check and preserving the…