Token deflation has become a sought-after strategy in the cryptocurrency space, as it can drive scarcity and increase the value of a digital asset. Various projects are adopting these strategies to stimulate price appreciation and create a more attractive investment. Here are the top methods used for token deflation: Burn Mechanisms: Many projects employ token burn mechanisms where a portion of the tokens in circulation is intentionally destroyed or “burned.” This reduction in the total supply increases scarcity and theoretically makes each remaining token more valuable. Binance Coin (BNB), for example, conducts regular token burns based on trading volume, effectively
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