New concept for you to learn under 1 min! 🥁

Token Burn 🔥🕯️

🕯️A token burn is when crypto tokens are permanently removed from circulation ❌

🕯️Tokens are sent to a wallet address that nobody can access (called a "burn address")

🕯️Once burned, these tokens can never be used or traded again 🙅🏼‍♀️

🕯️It's like destroying money to make the remaining supply more valuable 💎

🕯️Projects burn tokens to reduce the total supply, potentially increasing scarcity

🕯️This can help fight inflation & may boost the value of remaining tokens

🕯️Burns can be scheduled events or triggered by specific actions in the ecosystem

🕯️Some projects burn a percentage of transaction fees automatically

🕯️Think of it like a company buying back and destroying its own stock

🕯️Can be verified on the blockchain since the transactions are public.