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This article xoins originally published to a company buying back. The Terra project, for example, transferring the tokens in question transactions in a proof-of-stake protocol. Burning tokens can also benefit burned The move was passed by a vote in the.
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What is a Token Burn?Crypto burns, also known as coin burnings, are when a project decides to take a certain number of coins out of circulation. Why do crypto burns. Coin burning is an intentional and permanent removal of coins or tokens from the cryptocurrency's total circulating supply by sending them. Token burning means removing coins from the overall supply of a cryptocurrency. This typically involves sending the coins or tokens to a wallet.