Coin Burning is completely legal , and it has been practiced by many well-known developers like BINANCE (BNB) and TRON (TRX), which are famous for burning their coins to reward their coin holders.
Read moreWhat is TRX burned?
TRX Migration On June 25, 2018, TRON’s mainnet was launched, and the ERC20-based TRX has migrated to TRON’s mainnet; therefore, TRON DAO has gradually burnt the ERC20-based TRX. As of now, the total number of ERC20 TRX burnt is 99,188,397,993.45 , accounting for 99.19% of the total supply.
Read moreWhat does burn means in Crypto?
“Burning” crypto means permanently removing a number of tokens from circulation . This is typically done by transferring the tokens in question to a burn address, i.e. a wallet from which they cannot ever be retrieved. This is often described as destroying tokens.
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