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Questions tagged [burn tokens.]

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SakuraPetal SakuraPetal Fri Oct 04 2024 | 7 answers 1851

Why do cryptocurrency developers burn tokens?

Can you tell me why cryptocurrency developers sometimes choose to burn tokens? I'm curious about the motivations behind this practice and how it might impact the overall market and token holders. Is it a common strategy, or is it more of an exception? And what are the potential benefits and drawbacks of token burning for both developers and investors?

Why do cryptocurrency developers burn tokens?

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