Questions tagged [burn coins]

noah_harrison_philosopher Sun Oct 13 2024 | 5 answers 1563

I don't understand this question. Could you please assist me in answering it?

MountFujiMysticalView Sun Oct 06 2024 | 6 answers 478

I don't understand this question. Could you please assist me in answering it?

JejuSunshine Sat Oct 05 2024 | 6 answers 1278

Could you please clarify if Polygon, as a blockchain platform, employs a coin-burning mechanism? I'm curious to understand if the network has implemented a process whereby a certain portion of its native tokens are permanently removed from circulation, typically as a means of managing supply and potentially increasing the value of the remaining tokens. This practice is commonly seen in some cryptocurrency projects, so I'm wondering if Polygon follows suit.

Bianca Sat Sep 28 2024 | 6 answers 1719

I don't understand this question. Could you please assist me in answering it?

LucyStone Fri Sep 27 2024 | 5 answers 1341

Excuse me, I was wondering if you could clarify something for me regarding the topic of cryptocurrency. Specifically, the question is: "Will tectonic crypto burn coins?" I understand that in the world of cryptocurrency, there are various mechanisms employed by different projects to manage their token supply, and one of those mechanisms is known as "coin burning." Could you elaborate on whether the tectonic crypto project utilizes this practice, and if so, what are the motivations behind it? Thank you for your time and consideration.