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RE: Steemit Crypto Academy Contest / S5W4 - Token Burn
Hello brother.
You have presented a very informative and well-managed post as always. I really liked your way of presenting the following definition of the Token Burn.
Token burning is the process of permanently removing a fraction of a crypto asset by sending it to an inaccessible wallet or a null address to be brunt.
Really good, you have explained the token burning in a very brief way within this single line. The main reason behind the burning of tokens is to reduce the circulating supply of a token.
When the supply is reduced, the demand is increased accordingly and hence the price of the respective token can be improved.
Thanks a lot for sharing with us and wishing you a very good luck for the contest. 🤞
From your comment it's obvious you are a good Blockchain expert.