THECRYPTO.WATCH – Every blockchain and crypto asset has its own way of limiting the amount of distribution and price volatility of the asset. Some crypto assets such as Bitcoin also impose restrictions by reducing the supply of coins from constant distribution. One of them is BNB Burn. Then what is Coin Burn and the mechanism of BNB Burn?
The Definition of Coin Burn
You need to know that Coin Burn is a stage between miners and developers of certain crypto assets to reduce certain coins from the trading market on crypto assets. It aims to control the price.
The procedure for deducting coins and tokens from crypto assets is indeed a common industry practice for incentivizing long-term ownership between users.
This procedure can be done by managing prices such as coin restrictions. The crypto assets that burn the most are Binance Coin and Ethereum.
