Crypto 2024

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Burning tokens can also benefit those staking tokens to validate transactions in a proof-of-stake protocol. Some projects have regular crypto burning events built into their code. The aim here is to reassure potential investors that the future supply crypto 2024 the token will continue to shrink, calming concerns of inflation or an overly diluted market.

The Terra project, for example, burned The move was passed by a vote in the Terra community. The Continue reading token set a new record high price in the following days. In a sense, the burn transferred value from the pool to individual holders of the token.