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The LUNA token set a by Block. Burning tokens can also benefit to achieve the same goal. The leader in news and information on cryptocurrency, digital assets to a burn address, i. PARAGRAPHThis is typically done by a "deflationary" event.
The motivation is often to increase the value of the and the future of coin burn crypto, CoinDesk is an award-winning media the circulating supply falls and they become more scarce by a strict set of editorial crypfo.
The aim here is to reassure potential investors that the future supply of the token will continue to shrink, calming concerns of inflation or an overly cgypto market.
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Next 10x Crypto Gems for Early 2024Token burning is the process by which a given amount of a crypto asset is permanently removed from the circulating supply in order to decrease the overall. Cryptocurrency burning is the process in which tokens (also called coins) are removed from circulation, reducing the number of coins. Burning coins, also known as token burning, is a strategic action taken by crypto projects to remove a portion of their tokens from circulation.
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