#新手必看
What does the burning token mechanism of $PEPE mean? 🎁
Burning tokens is a strategic approach, not magic. Imagine reducing the amount of money in the world so that every remaining dollar becomes more valuable. In the world of cryptocurrency, this is not only possible, but also a popular practice.
Similar to how companies buy back shares to increase their value and central banks extract excess currency, burning tokens can strengthen the economy of crypto projects.
How does it work?
📝Tokens are sent to an address that cannot be retrieved. It's like letting a ship travel one way. Thanks to blockchain technology, every transaction is permanently recorded.
How to destroy tokens?
Projects incorporate destruction into their economies in various ways, from one-time events to ongoing mechanisms.
This helps control inflation, enhance trust, and encourage investment.
There are two main methods of destruction:
1. Sending tokens to special, inaccessible addresses.
2. Using special software that independently blocks tokens.
To learn more about coin-related knowledge and first-hand cutting-edge information, click on the avatar to see my homepage information.
