Token Burning: Reasons Why Burning Tokens Is Important

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin’s creators to “burn,” i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. What actually happens in a coin burn is that the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an ‘eater…

The Boom in Deflationary Token – What You Need to Know

The crypto space is rapidly expanding and in-comes different token models with different features leveraging varied mechanisms. Tokens in the crypto space are broadly categorized into either inflationary token or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period of time.  A well-demonstrated example of an inflationary token is Bitcoin, which is released at a rate of 12.5 new coins every 10 minutes as a reward to the miners…