Why is Token Burning Important in Crypto?
Token burning is a term you might have heard thrown around in the crypto world. So, what does it mean? At its core, token burning is the process of permanently removing a certain amount of cryptocurrency tokens from circulation. The way it works is pretty straightforward: you send tokens to a “burn address,” a wallet that’s essentially a cosmic void, never to be accessed again. The idea is that by reducing the total supply, the remaining tokens could increase in value because of scarcity. This isn’t just some random gimmick; it is often used by projects to combat inflation and provide reassurance to investors.
How Does Token Burning Affect Community Funding?
Now, about community funding — how does token burning play into it?…
