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RE: What is crypto burn? And with what effect on crypto currency

in SteemAlive2 years ago

Okay, I’ve been wanting to know more about burning as I could not understand the “why” behind it. Thank you for the info.

One of the remarkable burning event is that of Terra network in November 2021, That Terra burnt 88.7 million LUNA tokens which amounted to $4.5 billion dollars.

Now, of what help was this if Terra and Luna basically folded a few weeks ago? Why didn’t burn again?
Is burning only short term?
For how long is it expected to support @null?

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I will constantly support @null so STEEM burning will be continual
Thanks @patjewell