Token burn is a technical mechanism that requires the permanent removal or burning of some particular amount of crypto tokens from circulation. Whenever there is a token burn on a particular blockchain, the burned or removed tokens are being transferred to a distinct digital wallet or address. The address to which the burned tokens move into are referred to as burn address and cannot be accessed by any individual. Which also makes the burned tokens not to be transferred back. They are permanently stored in that address and are inaccessible too. Whenever a token is burnt, it supply decreases in the market. Which increases it price in the market. Just like the supply and demand principle.

Looking at how the principle of supply and demand work. Which works this way, whenever a commodity or good in the market gets scares or is difficult to be find on the market it value in the market begins to rise. Which is because it is no where to be found. A good example will have to do with the marketing of an onion here in Ghana. Here in Ghana we don’t farm onions as compared to how other nations do. Due to that there is always a high demand for onion in the country. Here is the case that we get enough onion during the dry season here in Ghana. What most traders tend to do is that, they buy the abundant onions in the dry season and store or keep them in a safe place. They intend to sell them when they are no more on the market during the raining season. The demand of the onion in those times is very high. So traders who have store theirs bring them out to sell at the rate they desire. So the traders keeping or storing the onions in self place could be regarded as burning. So when it is no more there on the market, they then bring them out to sell.

In the case of the crypto world. The burning of the token or coin is done by the blockchain developers or the users of the blockchain. This can be interpreted this way. In the case of the steem blockchain, the users are entreated or ask to burn some of their acquired tokens, that is the token rewards they get for creating content on the steem blockchain to an Eater or burn address called @null in order to help burn some tokens to make them scares which will in turn help increase the price of the steem token.
On other blockchains the process or way of burning tokens is done differently. One example is that, some of these blockchain networks burns their tokens by buying the coin back from the market or say they tend to remove the unsold tokens from the market in order to burn them. After tokens are being burnt, they get scares and their prices begins to rise which then benefits the holders of that specific crypto token.
These are specifically some of the ways tokens are being burnt in the crypto world

List the benefits of token burning with a detailed explanation of each.

Token burning isn’t something which is being developed for no reason on the crypto world. Burning of tokens has some beneficial and important impact on the particular tokens which are being burnt. Below are some of the benefits of burning tokens.

• Increasing the value of a coin: burning of a coin makes it scares or reduces it supply on the market. Which intend makes it demand high. Whenever the demand of a coin gets high, it value and prices then begins to rise. There by rendering a particular coin to rise from it current state to a different state.

• One of the advantages of burning tokens is that it help to reduce the inflation rate of the token. Due to the abundant production processes of some of these crypto tokens, the already created or existing tokens tends to be increasing in inflation rate over time. In order to reduce this, tokens have to be constantly burned over time.

• Burning of tokens or coins enhances the security of a particular coin: The blockchain that runs most of the coins are at times attacked with spam transactions. These spam transactions tends to be slowing the transaction speed rate of a particular network. So, in order to avoid such attacks tokens need to be burned in other to stop or reduce such attacks.

Why does the blockchain burn its tokens? Study the case of a blockchain that burned its tokens by identifying the results obtained.

Most blockchains burn their tokens with the aim of stopping or restricting the inflation rate or the supply rate. They purposely burn these tokens in order to increase the value of that particular token. Which intend benefits it holders in return. This act of burning to me is purposely done to help meet the end of it holders. Which is a very good initiative to.

The case of a blockchain that burned it token(SHIBA INU)

the shiba inu blockchain has been burning it token which is the SHIB for about some time now. The blockchain is purposely burning the shib coin in order to increase it value in the market. As at now it is being said that the blockchain burns almost hundreds of millions tokens every week in order to increase the value of the shib token. Yet still the shiba inu blockchain is still struggling with the rise of the coin at this bearish market. Because as a holder of shib, i don’t actually see any massive increase or changes in the coin which i bought for about some time now.

^{The image display information of the amount of shib coin i am holding currently.}

The result obtained as a result of the massive burning of has rendered it successfully in the market currently. The images below from CoinMarketCap shows the current state of shiba inu(shib)

Also this is the current state at which the shib coin is moving on the trading view chat.

^{Image taken from TradingView.com app
The images above displays the current state of the shib token after the numerous or massive burning of the token coin}

The burnsteem25 company that encourages burning 25% of your publishing revenue? Do you think it will help boost the value of steem currency in the medium term?

The burnsteem25 is a very good initiative in my opinion. This initiative requires the steemit platform users to transfer some of their acquired steem tokens they get on the platform to an eater address to help burn the steem coin in order to help increase the value of the steem coin or token. When this initiative or project is able to met, i strongly believe that within some few time range the steem coin will gain it value. Which will in return benefit steem holders. All that is left is for us to do is to publish some of our revenues or rewards to the eater or burner address to make this project a successful and beneficial one.

In conclusion, token burning is a project or act which is being carried on the crypto network in Oder to accomplish some tasks like the increase in the value of a coin, or securing the transaction rate of a particular coin or token.Also, after burning of tokens, blockchain networks use the Proof of burn algorithm to validate or confirm new transactions. This consensus mechanism helps prevent or reduce transaction spam or fraud on a particular blockchain network.
Burning of tokens reduces the circulating amount a specific coin or token there by making it scares and in high demand. This burning of tokens can be regarded as a good initiative in my opinion. Even though it has some bad merits or disadvantages.