From my understanding Burning means that the tokens are sent to an account called @null which nobody holds the keys to and then they are automatically deleted. So they are being taken out of circulation and this in theory will make the other tokens more valuable.
First of all, you need a Flamethrower. Then you drop the coins onto a cold wallet, I'd suggest a USB Stick. Stick the USB Stick into your PC and send all the Tokens you do want to burn to the username/adress '@null'. Remove the Stick and place it on a brick stone, pref. outside but some folks are doing it in their garage.
burn in cryptocurrency simply means taking away permanently a certain amount of the circulating supply, which will definitely have a good effect on the token
In crypto burn means to "get rid of", by sending to null or another place where the tokens will not be used and are usually destroyed.
The point is to take them out of circulation so they can't be purchased or sold again (reducing the overall supply)
In crypto there is a lot of focus on reducing supply and not nearly enough focus on increasing demand.
So, Alpha is advocating to reduce supply by burning tokens, which is pretty meaningless without adding to demand as well.
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Thank you
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From my understanding Burning means that the tokens are sent to an account called @null which nobody holds the keys to and then they are automatically deleted. So they are being taken out of circulation and this in theory will make the other tokens more valuable.
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Thank you. That's interesting
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First of all, you need a Flamethrower. Then you drop the coins onto a cold wallet, I'd suggest a USB Stick. Stick the USB Stick into your PC and send all the Tokens you do want to burn to the username/adress '@null'. Remove the Stick and place it on a brick stone, pref. outside but some folks are doing it in their garage.
The rest is up to you.
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Ok
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Are you going to do it one day?
For now I'm just learning
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I can't. Maybe someone else can?
Okay sir
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burn in cryptocurrency simply means taking away permanently a certain amount of the circulating supply, which will definitely have a good effect on the token
K
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Not definitely, possibly if there is demand later
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K
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