Hey everyone :)
I've made a new video guide for the community that explains everything that you need to know about burning tokens in crypto and DEFI in particular:
https://www.youtube.com/watch?v=JfLjR6GQ23c
In the video, we are going to learn what is the meaning of "Burning Tokens" in Crypto and DEFI.
We will understand why projects burn tokens and remove them from the supply, how it benefits the tokenomics and the economy of a project.
We will also learn about tokens in circulation and the term "supply".
Once tokens are burned they are removed completely from the supply and can't be recovered.
We will look at some live examples of burning tokens on the Binance Smart Chain using bscscan blockchain explorer.
Everything that you need to know about burning tokens in crypto, blockchain, and DEFI is explained in this tutorial.
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