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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn
Hello friend,
Nicely written article here
Token burning refers to the process of sending tokens to a wallet, where no one has access, taking them out of circulation permanently reducing their total supply
Token Burn is a very powerful metohoy of stabilizing the Blockchain, stabilizing the price of the coins and stabilizing actions that goes on the platform. It's the best and effective way of removing coins from totally circulation without stress, infact some Blockchain rewards user/investors that willing burn their asset for the development of the Blockchain.
Thank you very much for sharing, please you can check my own entry here