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Crypto burning

Crypto burning, also known as token burning, is a process where a certain amount of cryptocurrency tokens or coins are destroyed or permanently taken out of circulation. This is typically done as part of a coin or token’s economic model, with the goal of reducing the overall supply of the cryptocurrency in circulation.

Overall, crypto burning is a mechanism that can help cryptocurrency projects manage their supply and improve their tokenomics, although it is not a panacea and may have unintended consequences if not implemented carefully.