@cleartwist
A token burn is the process of permanently removing a portion of a cryptocurrency’s supply from circulation, often by sending the tokens to an address where they cannot be accessed. This reduces the total supply, creating a deflationary effect that could potentially increase the value of the remaining tokens, assuming demand remains the same or increases. Token burns are commonly used by projects to demonstrate commitment to increasing scarcity and value, especially in ecosystems where inflation could undermine token prices.
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