Token Burning in Crypto: How & Why It Happens 🔥 | Blum Academy [JUCFKINROB]

2025-01-02T09:15:42+0100

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#blum #blumacademy Ever wondered what cryptocurrency burning is and why it's such a big deal in the crypto world? In this video, we dive into the process of burning tokens, why it's done, and how it affects the value of cryptocurrencies. - What token burning is and how it works in the blockchain space. - How burning tokens impacts supply and demand, and how it can potentially increase token value. - Why major blockchain networks like Ethereum and Binance Smart Chain regularly burn tokens. - The pros and cons of burning tokens, from transparency and eco-friendliness to short-term market volatility. - How burning tokens can even protect blockchains from DDoS attacks and why it's essential for many projects. Don't forget to like, comment, and subscribe for more crypto insights! 🔔 All Coins - One App. https://Blum.io Launch App https://t.me/BlumCryptoBot/app?startapp=ref_ooWohpSVK8 Blum News on Telegram https://t.me/blumcrypto Blum Local Community Chats on Telegram https://t.me/blumcrypto/170 #crypto #cryptoforbeginners #cryptocurrency #bitcoin #CryptoMarket #CryptoTrading #Blockchain #BTC #CryptoInvesting #CryptoEducation #investing #CryptoExplained #cryptosecurity #tokenburning#cryptotools #Tokenomics #ethereum