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Eloin: Token Burn

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Event date: September 12, 2021 15:30 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.

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Added by the Visitor
Sep 10 19:02 (UTC)
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