Have you ever wondered why crypto developers "burn" some of their coins?
This process is the act of sending coins to an address from which they can never be retrieved.
The main goals are:
* Reduce Supply: Fewer coins in circulation often lead to increased scarcity.
* Increase Value: Scarcity can drive up a coin's price over time, benefiting investors.
Example: Binance's BNB coin has periodic burns, which has helped contribute to its value increase.
