Questions tagged [burn coins]

Alessandro Wed Oct 16 2024 | 6 answers 1354

I don't understand this question. Could you please assist me in answering it?

AltcoinExplorer Tue Oct 15 2024 | 6 answers 1021

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noah_harrison_philosopher Sun Oct 13 2024 | 5 answers 1563

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MountFujiMysticalView Sun Oct 06 2024 | 6 answers 478

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JejuSunshine Sat Oct 05 2024 | 6 answers 1278

Could you please clarify if Polygon, as a blockchain platform, employs a coin-burning mechanism? I'm curious to understand if the network has implemented a process whereby a certain portion of its native tokens are permanently removed from circulation, typically as a means of managing supply and potentially increasing the value of the remaining tokens. This practice is commonly seen in some cryptocurrency projects, so I'm wondering if Polygon follows suit.