verb
Internet Slang
burn
BURN · verb · slang
To permanently remove tokens from circulation.
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Definitions
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To send tokens to an unspendable address so they can never be used again, reducing supply. Projects burn tokens to manage supply or as a deflationary mechanism.
“They burned 20% of the supply to make the token more scarce.”
by community
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burn In A Sentence
They burned 20% of the supply to make the token more scarce.
Origin & Usage
Crypto mechanism; 'burning' destroys tokens by locking them away forever.
People Also Ask
What does burn mean in crypto?
It means permanently removing tokens from circulation by sending them to an address no one can spend from, shrinking the total supply.
Why do projects burn tokens?
Burning reduces supply, which can make the remaining tokens scarcer and is often used as a deflationary mechanism to support value.
Can burned tokens ever be recovered?
No. Burned tokens are sent to an unspendable 'burn address' with no private key, so they are gone for good.
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