Token burning, explained
Explore the impact of token burning and how this process influences cryptocurrency scarcity, its value and the project’s long-term growt
Token burning refers to the process in which a certain amount of cryptocurrency is intentionally removed from circulation, reducing the total supply of available tokens.
Imagine a popular restaurant that takes some tables out of the dining area to make it feel more valuable and exclusive with a limited number of tables. Similarly, cryptocurrency token burning reduces the total supply of tokens, which can potentially increase the value of those that remain.
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Author: Nikolai Kuznetsov
