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Defi For You DFY: Token Burn

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Event date: May 2, 2021 UTC

What is coin (token) burn?

A coin (token) burn is a process of sending a certain amount of cryptocurrency to a public address that has unobtainable private keys. In the future, the sent coins cannot be spent, thus the coin burn leads to an overall decrease in the cryptocurrency circulating supply.

DeFi For You.
@DeFiForYou
🔥 $DFY burn to take place May 2nd. Burning reduces supply and increases value. We'll be burning DFY every three months going forward. #DFY #DeFiForYou #defi #BSC #cryptopawn youtu.be
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Added by the Visitor
Apr 27 12:15 (UTC)
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