Cryptocurrency Q&A
Can my tokens be burned?
Can my tokens be burned?
Rosalia
Sat Nov 30 2024
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6 answers
1689
I have some tokens and I'm wondering if they can be burned. I'm not sure about the specific conditions or procedures related to token burning, so I'm asking for clarification.
6 answers
SkyWalkerEcho
Sun Dec 01 2024
The concept of burning tokens is a well-known practice in the cryptocurrency world.
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DongdaemunTrendsetting
Sun Dec 01 2024
Once the coins reach this burn address, they are rendered unusable.
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CryptoPioneer
Sun Dec 01 2024
This action is characterized by its irreversibility, meaning once executed, it cannot be undone.
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BlockchainLegend
Sun Dec 01 2024
This process effectively reduces the total supply of the cryptocurrency in circulation.
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Riccardo
Sun Dec 01 2024
To achieve this, coins are sent to a specific public wallet address.
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