![IBS [OLD]](/images/coins/ibs/64x64.png){kind=small}
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IBS [OLD]: Token Burn
Tokens to be burned in June
Event date: June 5, 2023 14:30 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.
The event is about to begin
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