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RE: Understanding what token burning consists of
This is an excellent explanation of token burning. In my opinion, burning could serve as a tool to drive the price of a token upwards. This is because burning reduces the number in circulation and as such, creating more demand for the token and price ultimately increases.
Nice piece buddy
Thus, the idea is that there will be less quantity and in theory, demand will increase and for this reason the price should go up. However, this is not always the case.