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FLOKI: Token Burn
4.97 trillion FLOKI tokens in the main Floki cross chain bridge (currently worth $102 million) will be permanently burnt by 8 PM UTC on Thursday, February 9, 2023
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.