Burning Tokens

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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits

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In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for … Read more

Ethereum’s Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens

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After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to … Read more