Why burn crypto

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PARAGRAPHCryptocurrency burning is the process in which tokens also called coins are removed from circulation, make the tokens more valuable. Tokens are burned by sending the amount of circulating currency to adjust that currency's purchasing.

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What Is Crypto Coin Burning - Coin Burn Explained
Cryptocurrency burning is the act of sending tokens to a pockets that cannot be accessed. Usually, the holder's wallet can generate a burner. Token burning in crypto involves removing coins from supply, increasing scarcity and value, similar to corporate share buybacks. Burning crypto is a deflationary process that permanently removes cryptocurrency tokens from circulation, done to attempt to increase demand and market.

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Bets crypto wallets

Understanding the potential implications is key to making informed investment decisions. PoB is often called a proof-of-work system without energy waste. To burn the coins, miners send them to a burner address.