What is coin or token burning?

[susuberuang]

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!

What you are saying is very clear, because fundamental factors are things that always have a very large influence and have a very large effect, so if the fundamentals are still very weak on a coin, there is no meaning in burning it.

[monineklutak]

Coin burning besides aiming to reduce the total supply and increase the price is also now used as a technique to attract potential investors to believe in investing there. usually coin burning is done during the crowdsale to make it more convincing to the public

Yes it is very clear what you are saying because after all it goes back to fundamentals,
not all by burning coins the price will go up so it can't be a benchmark,
but burning coins also has other purposes so I think it's still important

[mbakruroh]

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.

I think the burned BNB hasn't reached 50% yet. Maybe we can check based on the data they published on the official Binance website. Binance Completed 16th Quarter BNB Burn of approximately 1,296,728 BNB. Maybe you can check the whole thing at https://www.binance.com/en/support/search?type=1&q=burn

[terrorJR]

It simply means destroying a portion of the said coin or token. This reduces the circulating supply, potentially increasing the price of the coin or token

Indeed, that's the goal, because the simple concept is that the more the coin loses its value due to burning, the more its price will increase because considering the burned coins are becoming rarer.
and indirectly the focus of people will also increase the sale of the coin which when the coin is planned to be burned or something like that usually the purchase rate will increase.
the concept is simple but a concept like this is still very interesting and there are still many enthusiasts because by burning coins like this people's thoughts will change and think that the coins are getting less and less and of course it will be more expensive.

[tabas]

the other purpose is to keep total supply low, maybe because the token has too many total supply its hard for people to see it pumping and with coin burning it can make the market pumping it because its gaining popularity because of the token burning event. but token burning still have main purpose which is for increasing its price although somehow price increase not only can be done with token burning.

Usually, those coins that have a continuous burning, that's the main reason for it. Lesser supply but higher value, they all know that it's going to happen so that there will be more holders to come.
But for some altcoins, despite of burning, they don't take a lot of attention and still their value remains the same because they're not popular and there's not that much demand.

[Quidat]

On that recent ETH fork then;

https://news.bitcoin.com/crypto-inferno-the-ethereum-network-has-burned-over-230-million-in-ether-in-17-days/

This is  a coin where i do really recommend to engage on rather than on considering others out there which i dont see to be worth for you to invest on.
Its up to someones choice though but its better to take risk on something which had been known or does really have the community demand.

[GreatArkansas]

Let's clarify something also here.
As what people believe that burning tokens for a particular coin will always result in a bullish or good for the price.
But for me, it's not always true, especially on what the project is all about.
Maybe for the short term, it is bullish, especially when they first announced it to the public. And addition, we should also identify the amount percentage of tokens they burning to the total supply.

I already saw a lot of tokens that got token burning but at the end, REKT.

[SyndicateLabs]

  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.

DYOR,
Because not every token burn will increase the price. Basically, for a quality project, this is perfect news. But there are also many good cases of using this to take money from investors, and I think you need more time to experience it more.

[Malam90]

Coins or tokens burn is a process of decreasing total supply but it doesn't guarantee that it will up the price. Tokens burn puts positive impact only on  Good coins/ tokens but burning supply of shit coins won't be fruitful. In the past few months, we have seen many new shitcoins which supply was huge like 1000T and they burned like 30% or 50% but it didn't impact on the price because all are shitcoins.

[sammy21]

It's true that burning can increase the value of a coin or token that does it, but that's not the only way to do it, if the token or coin doesn't have something of value to offer investors, the spike won't be very significant, because it's obvious the utility and the function of a coin or token is an important thing in the development of a value in the market.

[H1N1]

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!

I am agree with your opinion. By my experience, i understand that coin burning alone won't make the price higher than before.
We can see for example BNB coin : the price of BNB in the 15th burn was better in than the prev burn, this proved the burn event doesn't always make the price increase. Value creation , problem solving and adoption, those you mentioned above are good and of course they are better than burn.

[Shallow]

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.

You are right and correct with your explanation on coin or token burning, but however I would like to add a thing or two.
In as much as coin or token burning is the process carried out to reduce the total supply of a coin or token, it is not in all cases that it leads to increase in price of the coin or token. Before now, a lot of project developers were doing it and it became a thing such that, once it is announced fomo will set in leading to price increase, but slowly a lot of people now understood that, there is more to it. That is, even coins or tokens with no use case will just announced token burning and gradually that hype died, thus the reason coin or token burning do not move a lot people.
On the other hand, you made an example with BNB, BNB is a very good coin hence the reason the coin burning leads to its price increase, but same cannot be said of a lot of coins and tokens out there. So do not be moved by all these projects announcing token burn, make your research and have a good reason to invest.

[poldanmig]

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.

I think all of us here have heard a lot about the burning of tokens or coins carried out by developers, and maybe only a few know the benefits of burning these tokens, I thank the OP who wants to explain in outline about the burning of tokens that often happens today, but if I may add a little about the definition of token burning, namely: Coin burning is a deliberate burning process to eliminate coins, so that the coins cannot be reused.
The way the coin burning process works is by involving the developer who issued the digital asset, and to do this, the signature token will be entered into a wallet that cannot be retrieved by anyone and this wallet is called the "eater address" which can later be seen by all stains, however, the order will be frozen so that the status of this coin will later be published on the blockchain.

[tygeade]

I honestly believe that it is a marketing shtick and nothing more. The most famous one is BNB of course where they burn bunch of BNB all the time, but it is all about marketing and nothing more. Think about it, if Binance keeps on burning BNB all the time, technically speaking they would have zero left one day, which we all know won't happen so they will stay at some point. However they will have a lot less in the long run because they keep burning it.

The way I see it, people need more and more BNB because it is getting used a lot, and people are buying it in bunches and yes this is increasing the price right now but eventually if the price of BNB reaches to 5k or even 1k+ that is going to mean that the gas fee will be super high for BSC and people will start to look for other places where it is going to be cheaper and they may prefer those destinations.

[Devifajarina]

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.

Actually they are practicing economic formulas in increasing the price of coins, this is deliberately done so that the coins are meaningful and have a high selling value, so this pattern continues to be adopted to this day.

The more demand, the supply will automatically decrease, especially after being burned, this makes the coin value very high, I think this pattern is almost done by anyone in doing something they want to achieve.

[Oneandpure]

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.

Only with brave developer want to burn their coin exactly have higher price like BNB and eth, they are very great project although have higher price keep burning coin supply to make price keep stable on high, many time BNB coin burning every month and keep make price up but still not good news where have any coin unlock, for ETH is the best project keep burning without unlock coin and supply will increase little to make price keep up.

[satsmainman]

Coin burn is generally to reduce the circulating supply of a particular asset type. I believe they're several factors that pushes project development teams into burning part of their token supplies, it could be in a bid to impress investors as reduction in token supply will cause an upward price action. But sadly, many shit project's out there are using the burning Mechanism to lure and robb unsuspecting investors.

[rjsolutions28]

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.

Ditto on that. Burning is literally reducing coins to increase profit. Platforms like Defi Magic https://bsc.defimagic.io/#/ is a burning utility token ecosystem. They also have high staking incentives and Liquidity Generator. It's one of the best Crypto Projects I have invested in so far.

[minime0105]

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.

Decrease in supply doesn't automatically mean the price will skyrocket after burning, the burn only takes a few coins from the supply, its not an automatic way for a coin to gain more value, so many people always get this part of coin burning wrong thats why they fomo into buying any coin after there's an announcement of coin burning about to happen, some even fomo to buy coins just because the team promise say there's a burn mechanism, don't fomo into buying coins because they will get burned, without proper marketing even after burning the price can still drop instead of pump.

[Oneandpure]

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.

Ditto on that. Burning is literally reducing coins to increase profit. Platforms like Defi Magic https://bsc.defimagic.io/#/ is a burning utility token ecosystem. They also have high staking incentives and Liquidity Generator. It's one of the best Crypto Projects I have invested in so far.

How much percent coin burning and could you give detail about supply from this coin, I think if have developer brave like TWT coin burn almost 90% is very fantastic and make TWT price pump suddenly from few cent now almost reach $1. Not any developer want to burn their money but TWT team that very brave how to make coin keep stable higher price by burning.