Token burning is the process of removing tokens from circulation, usually by sending them to an unusable address or using contract logic.
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Short definition
Burn is token burning is the process of removing tokens from circulation, usually by sending them to an unusable address or using contract logic.
Simple explanation
Burning can reduce supply, but the effect depends on the amount burned and the overall tokenomics.
Why it matters
Burns are often discussed in relation to supply, scarcity, and token economics.
Example context
A project may burn unsold tokens or periodically burn a portion of fees.