Burning crypto involves permanently removing a certain amount of a cryptocurrency from circulation.
This is usually done by sending the cryptocurrency to an unspendable address or destroying the tokens altogether.
By decreasing the total supply of a cryptocurrency, burning can potentially increase its scarcity and demand, which may drive up its value.
However, whether burning crypto actually increases its value is a topic of debate.
While some proponents of burning argue that it can help reduce supply and boost demand
others suggest that the effect on the value of a cryptocurrency may be minimal or short-lived.
One potential benefit of burning crypto is that it can increase the scarcity of a particular cryptocurrency.
This is because burning reduces the total supply of tokens in circulation, which can make them more valuable.