More Examples
“The shitcoin founders burned the supply to increase the value.”
“When is the next coin burn scheduled?”
“Bitcoin doesn’t need any coin burns to function properly.”
Definition(s) from the Web
- Coin burn is a term meaning the intentional riddance of a certain number of cryptocurrency items to ensure its stable work, rate normalization or create a new cryptocurrency. The coin burn has economical and technical prerequisites. First, this is the most popular artificial way to increase the value of the cryptocurrency: the fewer coins, the more they are valued on the market. Secondly, at the transactions with some kinds of cryptocurrencies (for example, XRP and XLM), the transfer commission is intentionally burned to protect from spam of small transactions. Source
