Burned

Burning refers to the permanent elimination of a crypto asset by the project, reducing its total supply.

Burning is a process that is generally carried out to affect the supply-demand balance or increase the value of the asset by reducing the total supply of crypto assets. This is usually accomplished through a process determined by a specific algorithm or protocol. Burning crypto assets can contribute to existing assets becoming rarer due to reduced supply and increasing prices as demand increases. Incineration can be carried out by a project in line with a specific strategy.

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