🔥 Token burning: the crypto world's version of a disappearing act! By sending tokens to a "burn address," projects make them vanish forever, reducing supply and potentially boosting value. It's like a restaurant removing tables to make dining more exclusive.
- Projects burn tokens to create scarcity, stabilize markets, and attract investors.
- Methods vary: scheduled burns, transaction-based burns, and even stablecoin peg maintenance.
- It's a strategic move akin to stock buybacks, but with a blockchain twist!
Remember, in crypto, sometimes less is more!