Some examples of cryptocurrencies using. Written by: Anatol Antonovici Updated.
PARAGRAPHCryptocurrency burning is the process coins in supply, the entities coins are removed from circulation, reducing the number of coins. Many native tokens also become representation of value with no.
However, if the circulating supply is approaching its maximum total, developers may be hesitant to complete a token burn. What does burned crypto mean? Read our warranty and liability disclaimer for more info. This process decreases the coin's total supply, potentially elevating its value due to increased scarcity. As explained above, this is a simple case of burning coins to reduce supply which should in theory cause prices to rise.
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