I recently heard about burn Coin and I'm curious to learn more about it. Could someone explain what burn Coin is and its significance in the cryptocurrency world?
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    SakuraSmile
    Thu Nov 21 2024
   
  
    Coin burning is a process where a specific quantity of coins or tokens are deliberately taken out of circulation.
  
  
 
            
            
  
    
    CryptoVeteran
    Thu Nov 21 2024
   
  
    This action, also referred to as burning tokens, ensures that these coins are permanently removed from the market.
  
  
 
            
            
  
    
    Tommaso
    Wed Nov 20 2024
   
  
    The primary characteristic of coin burning is its irreversibility.
  
  
 
            
            
  
    
    Bianca
    Wed Nov 20 2024
   
  
    BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet services.
  
  
 
            
            
  
    
    Elena
    Wed Nov 20 2024
   
  
    Once the coins are burned, they cannot be retrieved or spent again.