Hlo brother.

You have explained this post in a very great manner. I really likes your explanation about the Token Burn. It is process in which the tokens are made useless permanently by sending them to the dead or null wallets.

Blockchain burns its token in other to reduce the number of tokens in circulation and also increase the value of the said token.

Well said, the burning process reduced the supply of a token and hence the demand of that token is increased accordingly that made the price to move upward.

Thanks a lot for sharing your precious entry with us. I wish you a very good luck for the contest.