Coin Burn?

[Jackl87]

Hi,
What happens with coin burning?  Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

A coin burn is a really interesting method to decrease the supply of a coin. I think that projects that have a coin burn mechanism as part of their tokenomics and business model are particularly interesting for investors because the supply will decrease over time and therefore even with a consistent demand the price should move up at least in theory.
The Exchange KuCoin does this too for example. They take a part of the trading fees that they collected during a certain period and use that to buy KuCoin Shares from the Market. Those Tokens are then sent to a burn-address which is an address that no one has the private keys of, which means no one can access that wallet and those coins are basically gone then.

[imran101]

Hi,
What happens with coin burning?  Im guessing it will decrease the total available but not sure

I read this could be happening with TRX (Tronix)

Could this push its value up?

A Coin Burn is an event where a cryptocurrency permanently removes a specific number of its coins from the circulating supply (either manually or by design). This process results in a reduced total supply for a certain cryptocurrency, which inherently increases its value and scarcity.

[SistaFista]

Everyone will answer about the price and it is not wrong, several cases show that every coin burned by the developer, will lead to an increase in price. A concrete example of a coin burning policy is BNB, where the price of BNB is rising slowly and many people are starting to speculate that BNB is the next ETH.

Coinburn is an activity of sending coins to a wallet whose private key is not owned by anyone. That way, the coins will become unusable and become trash. Aim to reduce the total supply and keep the number of coins circulating in the public under control.

When the demand for the coin is constant or tends to go up, the increase in price is inevitable.

Well, of course everyone will answer that because when the supply of the coin has been reduced, then the price of the coin will naturally increase. BNB is the most popular coin with burn, although there are other coins which has burn mechanism to reward the holders.
To increase the price of the coin, there are 2 ways : Increase the demands, or reduce the supply which means burn.

[ijeb]

Yes, it means that some of the total supply will be burnt forever and no other coins/tokens will be minted instead. The burn will happen through a smart contract deploying.