Hello friend.

The simple and most accurate reason for blockchains burning their tokens is to improve the performance of their system. It can equally be referred to as the strategy of amending and upgrading a token's value.

You are veri right here. Burning the tokens can reduce the supply of that token and thus the supply become low as compared to the demand in the market and the price moves upward.

Token Burn can also be adopted to attract more and investors in the platform that is equally beneficial for the traders and the blockchain itself.

The dead wallets are those which do not have any private key that can be used to withdraw assets, they are completely locked assets and the addresses act as the black holes.

Thanks for sharing your precious post with us and I wish you a very happy contest.