$BTC $ETH $BNB

Many of us have heard of coin burning or token burning

The innovative way to enhance value and achieve balance in the world of digital currencies! 💪📈

◧ What is coin burning?

Coin burning is the process of destroying a certain percentage of cryptocurrency to get rid of it permanently.

This is done by sending the currency to an inaccessible or non-refundable address.

This action reduces the total supply of the currency and thus enhances its value.

📈 Benefits of burning currency:

Reducing the total supply: By reducing the amount of currency in circulation, the percentage of scarcity is increased, and this may lead to increased demand and thus the value of the currency.

Improving the balance: Burning the currency balances supply and demand, as supply is reduced while demand can remain constant..

Or increases, which leads to market stability.

◧ Enhance confidence: Coin burning reflects a project’s commitment to long-term value and sustainability, and it enhances confidence among investors and the financial community.

▪️Examples of currency burning:

#Binance Coin (#BNB)

Binance periodically burns the coin based on operating profits, which contributes to increasing the value of #BNB and enhancing market stability.

#Ethereum (#ETH):

During the #Ethereum 2.0 upgrade, it is expected to burn a large amount of currency to convert it to #Pos technology which aims to improve performance and reduce power consumption.

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