Why do cryptos burn coins

why do cryptos burn coins

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Some crypto providers will publicly tokens such as Shiba Inu.

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Token burning means removing coins from the overall supply of a cryptocurrency. This typically involves sending the coins or tokens to a wallet. A project burns its tokens to reduce the overall supply. In other words, it creates a "deflationary" event. The motivation is often to increase. The act of burning effectively removes tokens from the available supply, which decreases the number in circulation. Burning is used in some blockchains.
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  • why do cryptos burn coins
    account_circle Voodooshura
    calendar_month 08.02.2022
    It to me is boring.
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