Carlo
Sat Sep 21 2024
|
5 answers
878
What is a burnt token?
I'm curious, could you please explain what a burnt token is? I've heard the term mentioned in relation to cryptocurrency and blockchain projects, but I'm not entirely sure of its meaning or significance. Is it a common practice in the industry? How does it work, and what are the potential benefits or drawbacks of using burnt tokens? I'd appreciate a clear and concise explanation to help me better understand this concept.
