0x000000000000000000000000000000000000dEaD private key

This address is commonly used by projects to burn tokens (reducing total supply) .” etherscan.io/address/0x000000000000000000000000000000000000dead “This address is not owned by any user, is often associated with token burn & mint/genesis events and used as a generic null address” etherscan.io/address/ …

“Burning” cryptocurrencies simply mean the act of sending tokens to a wallet address that cannot be accessed by anyone . Once tokens are sent to a burn address, this removes the coins from the circulating supply, where they cannot be accessed ever again.

Binance Burns Over 1 Million BNB Tokens According to the exchange, over 1.6 million BNB were destroyed in the latest burn, including 6296.305493 BNB burned during the Pioneer Program Burn.

Coin burning happens when a cryptocurrency token is intentionally sent to an unusable wallet address to remove it from circulation . The address, which is called a burn address or eater address, can’t be accessed or assigned to anyone. Once a token is sent to a burn address, it’s gone forever.