Coin Burn
Definition
Coin Burning is a process that is performed by permanently eliminating some of a crypto project s existing supply, usually with the aim of reducing supply or increasing value.
Coin burning is usually carried out according to a plan determined by the developers or managers of the project. This plan determines the amount, method and process of burning to be carried out in a certain time period or a certain period. The amount to be burned can often be a percentage or a specific amount of the project s total supply. This amount is determined by taking into account the project s goals, market conditions and community expectations. Burning is usually done through a smart contract or a private transaction on the blockchain. This process reduces the supply by permanently eliminating the designated quantity. Once the transaction is completed, these burned coins are deemed to no longer be in circulation and cannot be retrieved. —
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
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The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
