Coin Burn


What is a Crypto Coin Burn?

Coin burn is the process of intentionally and permanently removing a certain amount of coins from the circulating supply. The quantity deemed for coin burn is usually pre-defined with the creation of the digital asset. During coin burn, tokens or coins are sent to a burn wallet, after which they can no longer be accessible. The coin burn should increase the price of the underlying assets due to decreased supply and increased scarcity.

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