Skip to main content

Burning

Modified on Wed, 16 Oct at 11:31 AM

Burning is a deflationary process where tokens are permanently removed from circulation by sending them to an unrecoverable address. This reduces the total token supply, potentially increasing the value of the remaining tokens. Floin e.g implemented burning by destroying unsold tokens of the presale phase, which creates a deflationary effect within the ecosystem.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article