Will ICP burn coins?

On the other hand, new ICP tokens are minted to pay node providers who maintain the network's infrastructure and keep it running smoothly. This process is necessary to ensure the reliability and security of the Internet Computer Protocol.

Additionally, ICP tokens are also minted to reward governance participants who stake their tokens in support of the network's decision-making process. This incentivizes participation in the governance of the network and helps to ensure that it remains aligned with the interests of its users.

The tokenomics of ICP, the native cryptocurrency of the Internet Computer Protocol, is a delicate balance between deflation and inflation. This balance is crucial for maintaining the stability and long-term growth of the network.

BTCC, a top cryptocurrency exchange, offers a range of services related to ICP and other digital assets. These services include spot trading, futures trading, and secure wallet storage for ICP tokens.

One aspect of ICP's tokenomics involves the burning of tokens to reduce the overall supply in circulation. This process is known as deflation and it helps to maintain scarcity and increase the value of ICP tokens over time.