Actually there is an older post with the same question. You can find some good answers there.
https://bitcointalksearch.org/topic/what-is-coin-burning-2450157
Topic: How tokens are being burn? (Read 134 times)
What do burn tokens are meant?
Reducing supply to the circulationWhat is it for and why tokens are being burned?
'Token Burning' And Other Crypto Jargon SimplifiedIs it important to burn tokens?
For those coins that has too many of it, they have to burn some of it. I'm just curious about this. What do burn tokens are meant? What is it for and why tokens are being burned? Is it important to burn tokens? Hope some one can explain it propperly.
To burn tokens they are removed from circulation, those token can never be accessed or used by anyone and it's being done to increase value because of limited availability.
The majority of the time the excess tokens are burnt with the intention of increasing the value of the coin/token. If there is demand then the price of the token would increase because the burned tokens/coins are off the market.
Other times they burn excess tokens in ICOs because they did not sell all of the ones intended for the ico, or bounties etc.
Other times they burn excess tokens in ICOs because they did not sell all of the ones intended for the ico, or bounties etc.
Burn is burn,search in Google.
I'm just curious about this. What do burn tokens are meant? What is it for and why tokens are being burned? Is it important to burn tokens? Hope some one can explain it propperly.
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