What is coin or token burning?

[oemar bakrie]

reduction in the number of tokens that already exist, but it all requires careful planning and cannot be done instantly, it is necessary to gradually burn tokens ..
and the main goal is just to stabilize the selling price in the market..

[Fredomago]

reduction in the number of tokens that already exist, but it all requires careful planning and cannot be done instantly, it is necessary to gradually burn tokens ..
and the main goal is just to stabilize the selling price in the market..

Planning is very important while continuous development of the project is there to support the coin, each time the team burn coins it reduces the exact supplies that exist,

if the project really usable then the sure thing to happened is to see the increase in value, supply and demand will follow.

The more interested investors to support the project the more effective this burning or reducing of coins will take effects.

[Arkann]

Burning a certain amount of a coin will in any case be beneficial and improve its performance in the cryptocurrency market. The same situation has already developed with BNB, since a large amount of Binance was burned. And also the Ethereum team announced information that a significant part of the commissions on the Ethereum network will also ignite after the 2.0 update.

[kak uli]

The purpose of burning tokens is to reduce the supply and make the token price higher than before. I think a lot of coin developers do that and it is good for the future of the tokens it generates.

[Bitstar_coin]

I still find the token burning process awkward, while creating more supply, let it have a value then decided to reduce it from circulation, what is the logic behind it, why not just create the actual supply at the initial launch, bnb burn is a good example,  imagine burning bnb worth a $ million, money that would have been useful and helpful,  so far the burn has not reflect on bnb price.

[SistaFista]

As a result, the supply of that coin will decrease and the price of the coin will increase.

the decrease of supply is guaranteed, but price doesn't necessarily will rise. if the token is garbage, market won't care about it that much. if the demand stays the same or improve, that might help. but if not, it's just a hopium/copium for bag holders. don't fall for trick like that.

Indeed, but at least the burn will make the supply reduced. The price of the coin can rising if either the demands are huge, or the supply is reduced.
Some whales often to use the bull trap when event burn indeed, but we shouldn't fall into their hand. Always search the project before we buy the coin, don't buy because the coin is burned.

[DOH!]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

* Sorry, I saw the topic as the question, but you seem to have the answer.  So the addition is.*
Token burning is the process of permanently removing that volume of tokens from the current circulating supply.  It is a process that takes place by voting between a team or the community based on the interest and value of the project.  Simply put, in the long run and the future, the value of the project increases.  Burned tokens cannot be restored.  It is a one-way and closed cycle, by smart contracts.
Detail https://academy.binance.com/en/articles/what-is-a-coin-burn

[Fundamentals Of]

I still find the token burning process awkward, while creating more supply, let it have a value then decided to reduce it from circulation, what is the logic behind it, why not just create the actual supply at the initial launch, bnb burn is a good example,  imagine burning bnb worth a $ million, money that would have been useful and helpful,  so far the burn has not reflect on bnb price.

I also find token burning awkward, even useless at times. If a project has its token gained popularity and use-cases, why burn them? To increase the value more? It has already increased in value because people find some worth in it. Why do they have to burn it?

If it is to make it valuable due to its scarcity, I don't think this will help them either. If they want to make value for their tokens then they need to make some working products that will be of use in real life and of their tokens as well

[Timelord2067]

There's a certain irony that tokens and coins that felt the need to create billions, or even trillions of coins are now looking to burn coins to make that coin seem more desirable at the same time as investors in bitcoin lament the fact that only 21 million coins will ever be generated.

DOGE COIN is probably the exception at this pint with its price mooning all the while not having (AFAIK) burned any coins - ever - even though it has billions on the books.

[Ararbermas]

Burning token or coin is the common way to reduce the supply for the better performance afterwards.. Actually we can compare this to a boat that gradually sinking in the middle of the ocean wherein in order to save it, we should reduce the amount of passengers that can make it heavier, so that it will gradually move upward back to the top of the water and it can go to where is the next distination.. Simple as that if we will make a story when it comes burn token or coin. 

[ogundowotoby01]

Token burning is simply a way of reducing the the supply of a cryptocurrency. This is often said to cause an increase in value of the cryptocurrency but that isn't always the case some token burns have no effect on the price  of the coin because the coin itself is not valuable. However if a project is good and has value in the market let's coin in circulation will mean more scarcity and with most car sitting there will be an increase in demand for that coin and an increase in demand always leads to increase in price. So token butning works in both ways it's can I have a good effect on the price of valuable token or it has no effect at all

[FinneysTrueVision]

Burning tokens is usually done by sending coins to an unspendable address. You can also burn bitcoins by using OP_RETURN to mark an input as invalid.

Counterparty was one an altcoin that required users to burn an amount of bitcoin to mint new tokens on their blockchain when they first launched.

[iTradeChips]

Many has this belief that if you burn tokens or if you burn coins, if the developers of the coin do that, what will happen is that the supply of the coins are reduced. That way, by reducing the number of coins available, you will make the coin more rare, and therefore the price will increase. The most well known of the burns is BNB. But there were others as well. XML and XRP are the other burns that happened. With the intention to make their coins rare and hence increase in price.

[MoneyJ]

From what I understand is that burning has got to do with supply and demand . This will have a deflationary effect to the ecosystem which the coin or token being the medium of exchange. Burning of tokens or coins is good to stabilize the value of it or make it more valuable.

[magnum1010]

First of all, not always the price increases, anyway it is a good support for the price as the offer of this token declines and considering that the demand is the same, the price can grow.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.

[tvplus006]

First of all, not always the price increases, anyway it is a good support for the price as the offer of this token declines and considering that the demand is the same, the price can grow.
We don’t have to call the function of burning, actually, we can just send our tokens on 0x00000… address, it is also a way of burning tokens. But usually ordinary users don’t burn coins. It is a task of devs.

I think that there are few traders who would burn their earned coins, since the goal of every trader is to make a profit. Binance, which is the owner of BNB, directs part of the commission received from trading on the exchange to purchase this coin from the market, and then burns it quarterly. And such a strategy will lead to a constant increase in the price of BNB, which is based on a decrease in the supply of coins on the market.

[GaxviiBuss]

You have said it all, in nutshell is a means of stabilising cryptocurreny project, at any point in time, so many project do this to make their coin scarce are and there by increase in value, have to project like that now Goma, the price is flying, though the project is still at infant stage but still doing well.

[Psynthax]

The purpose of burning tokens is to reduce the supply and make the token price higher than before. I think a lot of coin developers do that and it is good for the future of the tokens it generates.

if the supply is reduced its not always mean the price will be higher but if the token popular and have many investor it can have higher price because that means it have demand, it still depend on the demand but if the token total supply is too much maybe burning can be a solution because then it will fix the issue of too much total supply but the amount burned should also be many and not just very few coins because it will not give effective result.

[goolesby]

In the crypto world, this happens a lot. Coin burning is a concept in the world of crypto digital assets, which has been adopted by a wide variety of coins and tokens. Although it sounds difficult to understand, but coin burning is a central mechanism that can prove to be a feature that will be used often.
In this process, investors believe that it will strengthen the value of the coin and can also help in increasing the value of the coin. so, the number of coins in circulation is small, then the value of the coin will be much higher.
Coin burning is the most effective method of increasing and stabilizing the valuation of coins and tokens.

[bamb]

Coin burning does not always results in price appreciation if the fundermental factors that influence and assure the viability and longevity of such coin is not taking care of! There must be value creation,  problem solving,  and adoption (utility) before burning effect could be felt!